B.— No. 2.
FINANCIAL STATEMENT BY THE HON. THE COLONIAL TREASURER.
IN COMMITTEE OE THE WHOLE HOUSE, 29th JULY, 1869.
WELLINGTON. 1869.
B.—No. 2,
the Honorable Julius Vogel, 29th July, 1869.
INTRODUCTION. It has, I am aware, been the invariable custom for Colonial Treasurers, when making their Financial Statements, to appeal to the House for personal consideration. 1 should, of course, feel bound by such a rule, even were there no more than ordinary circumstances to justify it. But, in the present case, I am doing more than following a precedent. I earnestly ask the House for a large amount of consideration. I have been four weeks in office, during which I have employed every moment I could spare to the task of making myself acquainted with the working of the Treasury system. It was not until I made the attempt that I knew how little I was previously acquainted with its many curious details, veiled from outsiders, however inquiring. Constantly I have endeavoured to acquire information which I might impart to the Committee at something more than second hand. When I state that, besides the office of Treasurer, I have temporarily fulfilled the duties of Telegraph Commissioner, Commissioner of Stamps, Postmaster-General, and Commissioner of Customs, and that, in respect to the details I have to place before you, the accounts of the expenditure of last year were only submitted to me four days since, and other important accounts within the last two days, I think I have urged sufficient reason for asking the Committee to accord me more than ordinary indulgence. I should be unfair to others if, having said so much, I omitted to add that I have been largely indebted to the unselfish and untiring assiduity, and remarkable ability, of the officers of the Treasury Department. THE SYSTEM OE ACCOUNTS. It is with reluctance that I ask the Committee to allow me to detain it whilst I refer to the system on which the Accounts are kept. It is absolutely necessary I should do so, to make the statements of the accounts of last year intelligible. The new system has now been in force nearly two years; and, on the whole, I think it may be pronounced a failure, excepting that it compels the accounts, such as they are, to be made out much more rapidly than formerly, without, however, making the compilation more easy. It has been a failure for this reason, that it has been found impracticable to carry it out in some respects, and that, in carrying it out in others, it has assisted to make the accounts misrepresent the actual position. In short, it is an impracticable system based on theory. The Public Revenues Act does not ostensibly provide for Advances or Imprests extending beyond the year, but, in practice, it has been found impossible to do without these. The result has been, not that the imprests have been limited, but that they have not been brought to account. Eor example, honorable Members are aware that, last year, beyond the appropriations for Defence purposes, a special authority for £40,000 was granted by Order in Council. But beyond that, and in addition to a sum of £18,000 for advances of 1867-8 brought to account, there was £27,000 of unauthorized expenditure. Still, when the accounts would have been made up, if the advances had not been brought to charge as I have directed should be done, the unauthorized expenditure would have escaped detection by the advances being charged to this year's accounts. Similarly, in respect to money remitted to England to pay interest and sinking fund on the loans. The Public Revenues Act forbids money being charged against revenue until the accounts reach the Colony, so that, as this takes many months to effect, considerable sums spent within a given year will appear by the Accounts not to have been expended. I will give the House an example which will make the matter plainer. A sum of £300 was voted towards the publication of Dr. Hooker's work, and it was in due course sent home to be handed to the publisher; but his receipt was not received back within the year, and consequently, when the accounts were made up, the amount, instead of being charged, appeared as a saving on the year's votes. Next year, out came the receipt, and then the amount paid during the previous year under the authority of an appropriation had to be set down in the accounts as an unauthorized expenditure. This seems very ridiculous, but it is simply true, and amounts to this, that the system is faulty. The control is a mere farce. The Controller releases from time to time large sums of money which pass from the public banking account to that of the Paymaster-General, and are free to be employed there as chance or design dictates. There is another point of equal importance, nay, perhaps of greater. The present system takes no effectual heed of liabilities. A Government may incur any amount of liability in excess of the authorized amount, and the payment can be charged to next year's votes. It is true that the Public Revenues Act makes a reference to separate votes for past engagements, but the proviso, if one may call it so, is a dead letter. Eor the purposes of this House, I contend the incurrence of liability and expenditure are almost synonymous. The Assembly does not only say to a Government —" Tou shall not spend beyond such and such an amount; "it says " You shall not incur liability which, including the expenditure, shall exceed the amount voted." This, at least is what the House ought to insist on if it really means to control the expenditure. The present system is a false one, because it fails to give effect to the intentions on which it is founded. There must be liability beyond the year, because it is impossible within the year to satisfy all the liabilities incurred: accounts will not come in. But if you do not set aside a fund to meet the liabilities, you compel payment to be made out of —first the imprests, next
FINANCIAL STATEMENT.
B.—No. 2
4
FINANCIAL STATEMENT.
the votes of the succeeding year. I propose that authority shall be granted for satisfying liabilities up to the extent of the votes, but that beyond that it shall be absolutely forbidden to satisfy them, without special appropriations for unauthorized past engagements. In regard to advances, I propose to very much limit them, and when they are unavoidable, to bring them to account within the year. I have taken on myself to direct that all the expenditure of last year in the shape of advances, as well as some small advances of previous years outstanding, shall be charged on the year's expenditure. If the House support me in that, last year's accounts will show last year's expenditure; besides that, they will show expenditure in the shape of advances of the previous year. I have assumed a great responsibility; I have done so in the implicit belief that not one member of this House would desire to be a party to the great sham of pretending that money which has .finally left the Treasury has not been spent. Ido not pretend that the alterations I will embody in the Bill which I propose to introduce will render the system a good one. It will make the House better acquainted with the accounts, but the system will still be faulty, for the control is itself incomplete. It stops short of being of the use it pretends to be. It is part of a cumbersome system which belonged to a great country, but only part. We want not a complicated but a simple system. There should be no separate account of the Pay-master-General ; all payments should be made out of one account, and should be pre-audited. At present the Controller authorizes the release of tens of thousands of pounds without any knowledge, for a long time after, of what becomes of the money. Similarly, the four so-called branches of the Public Account are almost nominal divisions. They all stand to one account at the Bank, and to this day the Treasury and Controller do not agree how much belongs to each branch. They stand to one account, and practically they are operated on as one account, notwithstanding all that has been said about the glorious separation between them. A little hollow ceremony takes place—that is all the separation amounts to. If we want to operate on the Trust Funds Account, we give the Controller Treasury Bills, and then money is drawn. If wo want an overdraft on the Consolidated Branch of the Account, we go to the Bank and say we propose to overdraw on that account. "Overdraw!" says the Bank Manager, "I know nothing of different branches of the account —you have plenty of money to your credit." " True," we reply, " but the law requires that you make a fictitious entry in your ledger—you must pretend you are placing £60,000 to our credit, but you must not charge interest on it." " All right," says the Bank Manager, " you can draw your own money in any way you like ; and as you are a good customer, we will make a fancy entry for you." Sir, the sum and substance of the matter is this : the State is responsible for all the funds which it has in its charge, and it should keep at all times a sufficient balance to meet demands on it. If it has not a sufficient balance, it should dispose of any Treasury Bills authorized by law when it has occasion to do so, instead of fictitiously disposing of them to the Controller. I do not ask to make the changes which would at once redeem our system from its sham features : I only propose to make alterations which will enable the House to judge when and how its appropriations are exceeded either by expenditure or by contracted liabilities. I am painfully aware that the Assembly has been very much deceived in the whole matter. The real direction in which it should have improved its system has been neglected, and the evils of a discarded system have been thrust upon it. At the very time we were setting up a Controller as an officer distinct from the Auditor, the Imperial Legislature was adopting an exactly opposite course. The Controller's office was abolished as a great sinecure; as soon as Lord Monteaglo could be persuaded to resign his few functions were handed over to the Chairman of the Audit Commissioners, and authorities on all sides agreed that the only hope Parliament had of obtaining an efficient control over the expenditure was by improving the Audit machinery. We have been misled here by a name. We have neglected the improvement of the Audit to seek out, as we vainly fancied, shelter under an exploded system. In Victoria as well as at home, to perfect the Audit system has been the aim for some years past, and it should be our aim. We want, not an audit which is as at present many months in arrear, but one which will, on behalf of this House, audit as far as possible in advance, forbidding payment until the authority for the same is indorsed by the Auditor. I hope next year the Controller will be joined with the Auditor on a Board of Audit, which will perform the double duty of controlling the issues and auditing the expenditure and the revenue, and of countersigning all Treasury Bills issued. Our system will then be assimilated to progressive not retrogressive models. I trust I have made it clearly understood that I am not reflecting on the Controller, who has always shown himself a zealous officer, ready to perform useful duties beyond those of his office, but on the system of which he is part. For the rest I have stated my opinions in justice to myself, so that in the future, when the great absurdity of our so-called control is affirmed, it may not be said I failed to perceive it. Now, Sir, I am able to explain what the accounts of 1868-9 will consist of. They will include the advances made during the previous year, and paid out of that previous year's revenue. They will include liabilities contracted during the previous year, and paid out of appropriations of the succeeding year, designed to be used only for that current year's service. They will include also, lam happy to say, the advances made during the year 1868-9. When this is done, when the year's accounts are made to comprise the transactions to the year's end, there will be apparent and in some cases real unauthorized expenditure. We shall ask indemnity for it. One thing more is necessary, before the House will fairly be in a position to estimate what is required for the expenditure for this year's service proper, and that is—to provide for the services contracted for and rendered during last year up to the 30th June, but not paid for. The first portion of the Estimates I am about to lay before the Committee contains the appropriations it will be necessary to make for services so rendered up to the 30th June last. THE CONSOLIDATION OF THE LOANS. But, before proceeding to last year's accounts, I have to relate to the House what has been done by the Agent, the late Colonial Treasurer, during his mission to England. Printed papers have already been laid on the table, and honorable Members have no doubt made themselves acquainted with them. I will briefly give the results as far as lam able.
FINANCIAL STATEMENT.
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B.—No. 2.
I will first refer to the change which Mr. Fitzherbert was instrumental in procuring in the mode of investing the Sinking Fund of the Guaranteed Loan of 1856. The Imperial Treasury, in response to a letter from him to that effect, consented to allow the accumulated and accumulating sinking fund to be invested in certain Colonial securities, instead of in Consols. A considerable saving will be thus effected, since the interest and compound interest will increase by a rate of about two-thirds more than previously. Without egotism, I may take some credit for this result, for it was I who, in 1867, moved a resolution to the effect that an application should be made to the Imperial Government for their consent to the change. Mr. Fitzherbert, then Colonial Treasurer, supported the resolution, though he was not sanguine as to its success, since he was of opinion an application had not been previously made because it was hopeless to expect it would be complied with. lam obliged to him for making the application, and gratified at the result. I now come to the primary object of Mr. Fitzherbert's mission. I will briefly epitomize the results, further particulars of which will be found in Return Table A (1) placed in honorable Members' hands. Debentures to the full amount of £1,114,000, authorized by the Public Debts Act, were negotiated under the Consolidated Loan Act. In addition, £1,400,850 of Colonial, and £1,322,400 of Provincial Debentures were converted; making in all £2,723,250 of bonds converted. These were subject to an annual charge of £162,931 for interest, and £44,806 for sinking fund. The consolidated debentures substituted for them amounted to £2,987,000, subject to a yearly interest of £149,350, and to a sinking or redemption fund of £29,870; together making an annual charge of £179,220. Besides this, another parcel of debentures, amounting to £90,000, was prepared for sale, to reimburse the Colony for taking up sundry Provincial Debentures, and to cover the expenses of the mission. The Crown Agents have furnished elaborate calculations, which will be found amongst the printed papers already presented, of what they conceive to be the profits of the consolidation. They take as their basis the saving of the annual charge, including interest and sinking fund; and, to make the comparison complete, they allow for the difference of the time in which, under the larger rate of sinking fund, the principal would be paid off. The result, as they bring it out, shows that at the end of twenty-eight years the saving of yearly payments, with interest and compound interest, and making the allowance just mentioned, would amount to £537,600. Whilst I do not dispute the fairness of this estimate, I think an easier way of arriving at the saving, and with quite sufficient accuracy, is to estimate the simple saving in annual interest, less 1 per cent, by way of sinking fund on the additional debt created. The cost of the mission—which, by the way, in their estimate, the Agents have entirely overlooked —would have to be deducted from the profit. The saving in interest, less provision for the additional debt, is after all the best test, for the saving in the annual amount of sinking fund on the original debt means only another way of paying off the principal. Taking the saving of interest as the guide, the annual amount saved is £13,581, from which we must deduct £2,500, being 1 per cent, on the additional debt created. We have £11,081 left as the annual profit, while, on the other side, we have to make allowance for the expenses of negotiation, amounting to about £38,000. This represents roughly the profits of the transaction: Ido not pretend that it is closely accurate. Honorable Members will like to know what the profit is under the Crown Agents' calculations. If the annual saving in both interest and sinking fund be computed, you must, as I have already mentioned, allow for the difference in time over which the loans respectively extend. The annual saving on both interest and sinking fund is £28,517, against which you have to consider that the new loan will be current for thirty-six and a half years, whilst the old loans would have been paid off in twenty-eight years. A computation based on these two conditions shows that the annual saving, with interest and compound interest, would amount in twenty-eight years to a sum sufficient to pay off the outstanding debentures of the new loan, and leave a balance of £537,600, —which £537,600, to be received twenty-eight years hence, shows the profit. If lam asked to reduce this sum to present value, I find that at a five per cent, rate of discount, including compound interest, £537,600 in twenty-eight years represents a present value of about £137,000. Then deduct the expenses, £38,000, and you have an idea of the profit according to the Crown Agents' calculation. I may say that my rough estimate gives a more favourable result, since the present value of an annuity of £11,081 for twenty-eight years on a five per cent, basis is about £165,000, from which, as in the other case, the expenses have to be deducted. We have thus an absolute profit which in present value may be estimated somewhere between £99,000 and £127,000. We have also contingent advantages, such as the longer period over which the loan extends, as represented by a less rate of sinking fund. We have an improved credit: injured again, it is true, by the war, but which, allowing for war in either case, is better than it probably would have been with many different loans as of old floating about. We have besides a convenient system for redeeming our debt, instead of the cumbersome sinking fund with the difficulties of periodical investment attaching to it. Again, there is the release of a portion of the accumulated Sinking Fund. There are various other considerations connected with Mr. Fitzherbert's mission with which I will not now trouble the Committee. A correspondence on the subject is going on between him and myself. I should mention, however, that in the £38,000 for expenses is included a sum of £5,000 paid to the Crown Agents, partly, it appears, on account of services generally rendered by them, and partly as consideration for a guarantee into which they entered. I will only further allude to the disputed accounts between the Home Government and the Colony. I see no reason to alter my opinion expressed last year, that we should not be content with that settlement; that there are circumstances which give us a wide pecuniary claim on the Imperial Government. But Mr. Fitzherbert was charged by his colleagues with the duty of effecting a settlement, and besides he found that, unless he could effect it, he would have to conduct his financial negotiations under great disadvantage. For myself, I would have been inclined to submit to present loss rather than have consented to a settlement which did not return to the Colony a large sum. But such a settlement was out of the question then. The Imperial authorities firmly believed the Colony should pay a considerable balance, and only by dint of great patience.and perseverance on Mr. Fitzherbert's part did he succeed in abating their demand to a release on each side. 2
Table A (1)
B.—No. 2.
6
FINANCIAL STATEMENT.
ESTIMATED REVENUE LAST YEAR. I am pleased to be able to compliment my predecessor in office on the accuracy of his estimates of revenue. His total estimate amounted to £1,000,500 ; whilst the actual revenue reached £1,005,933 12s. lid. The following figures show the separate items of the estimated and actual revenue ; fuller details will be found in statement marked A. (2). Estimated. Actual. Customs ... ... £800,000 0 0 ... £805,929 0 0 Bonded Warehouses ... 6,500 0 0 ... 4,686 18 9 Stamps ... ... 63,000 0 0 ... 60,042 15 6 Post Office ... ... 60,000 0 0 .. 45,561 0 2 Telegraph ... ... 15,000 0 0 ... 18,350 0 3 Miscellaneous ... 56,000 0 0 ... 71,363 18 3 £1,000,500 0 0 £1,005,933 12 11 I should observe that when the accounts are finally made up, these figures may be slightly altered ; and the same remark applies with yet greater probability to the expenditure accounts. The present Statement is made, I believe, at an earlier period after the expiration of the financial year than heretofore. Last year the Statement was made on the Ist September, and even then credit was taken for its being prompt. In order to make it so early, this year the Treasury has been worked at high pressure, and accounts to a small amount may not be included ; but the whole result will be but slightly affected, and I believe that in pushing on the Statement I have consulted the wish of the House. The receipts under the head Miscellaneous are of a large and varied nature, and I do not know that they present any particular feature with which it is necessary to trouble honorable Members. The Telegraph receipts show an increase, and I am happy to be able to say I expect the increase will be progressive. Lines will shortly be opened between Wellington and Wanganui, and between Auckland and the Thames Gold Field ; the receipts from these will be large. We have determined, also, to adopt a system which will, I believe, add very much to the receipts of the Telegraph Department. I allude to a system of uniform charge for telegrams, whatever the distance. When it is borne in mind that four times the present work might be obtained out of the wires, the significance of the change will be understood. I may add that experience elsewhere has proved the value of uniform charges. Arrangements have also been made by which telegrams to and from Auckland via Napier and Nelson may be regularly received and despatched at the offices throughout the Colony. The Post Office shows an apparent decrease in the estimate. I say apparent, because it seems to have been the practice to estimate as Post Office Revenue the nominal charge for the carriage of public letters for the Colonial Government. Since no vote is taken for the purpose, I cannot accept this as revenue. It would be very proper to estimate the service thus rendered in considering the relative cost, and return for that cost, of the Postal Service, but it is not Postal Revenue. The Customs revenue shows an increase on the estimate. That increase is mainly due to Auckland. I refer honorable Members to Returns marked B (1 to 5), which include quarterly returns of revenue, and statements of imports and exports, as also details of stamp revenue. The Customs Revenue of Auckland shows an extraordinary increase of £63,000, being over fifty per cent, on the receipts of the previous year. Dunedin shows a small increase, and seven other ports trifling increases. On the other side, nineteen ports show a decrease ; amongst them Hokitika is most prominent, with a decrease of £31,000, or over thirty per cent. On the whole, there was an increase of Customs Revenue of £10,663 ss. Id. over the previous year. It is satisfactory to think that, from all accounts, we are justified in regarding the Thames as a mining district rather than an ordinary gold field, and that the influence which it has exercised in promoting the progress of the Province within which it is situated, is likely to increase rather than decrease. Honorable Members would like to know something of the gold produce; I refer them to Returns marked C. There was a decrease on the year's produce, as compared with the previous year, of 62,000 ounces; but Auckland showed an increase of 67,000 ounces ; Nelson a decrease of 60,000 ounces; and Westland of 69,000 ounces. Otago showed a small increase, nearly balanced by a decrease in the yield of Southland. Whilst on the subject of Customs Returns, it is right to draw attention to the astonishing progress which they show a new industry is making—l allude to the preparation of flax for export. It will be seen by Return D, that the flax exported during the March quarter nearly equalled the export of the previous year, and was not much short of double that of the next preceding year. EXPENDITURE OF LAST YEAR. In considering the expenditure of last year, honorable Members must bear in mind what I have already stated about the system of accounts. The expenditure, instead of being in accordance with the Appropriation Act for the 1868-69 year's services, has had included in it the outstanding liabilities of the previous year, and the advances paid during a previous year but charged against the votes of 1868-69. I refer honorable Members to Statements marked E. and F. respectively. The first indicates approximately the sums appropriated for the year ending 30th June 1869, the expenditure including advances, and the saving or excess. The totals show appropriations amounting to £998,525 9s. 5d., and a gross expenditure —including advances, unauthorized expenditure, and refunds of revenue —of £1,436,259 4s. Id., or an excess of expenditure over appropriations of £433,232 10s. lid. The second table shows how much of the expenditure includes advances brought to account on the 30th June. Statement G. represents the detailed expenditure. The Committee will no doubt ask an explanation of this startling excess of expenditure, I am not able to say that it is all a matter of account arising out of bringing previous years' advances to charge, although I am forced to admit that, but for the advances being brought to account, much of the true position would not be apparent. The largest item of excess is that for interest and sinking fund, amounting to £375,000 out of a total of £616,973 19s. Id. —(I use round numbers, the exact sum will be found in the Statements.) This total includes £179,974 9s. 2d. of the previous year's advances brought to
Table A (2)
Table B (1 to 5)
Table C (land 2)
Table D
Tables B and F.
Table Or.
B.—No. 2.
account; but it also includes an actual expenditure during the year in excess of the estimate of last year of £195,007 7s. 7d. I can only explain the under-estimate by surmising that the amounts payable on account of the Converted Loans were not sufficiently taken into account. I cannot suppose that it arose through its being calculated that the year's payments would only appear as advances, and not be brought to account; although, if this had been the presumption on which the estimate was based, I am sorry to say it would have been in conformity with the law. I have had an analysis prepared of the whole item, and accompanying it (Paper H.) is a memorandum by the Paymaster- Paper H. General, Mr. Batkin, on Advance Accounts, which I commend to the attention of honorable Members. Another large item of expenditure in excess is that for Defence purposes (see Statement I.) Table I. Besides expenditure against revenue, there is the expenditure under the authority of the Public Debt Act Schedule B. ; together amounting (exclusive of advances of the previous year brought to account) to £266,391 13s. 9d. The money legally available for expenditure was £198,981 16s. 3d., to which has to be added £40,000 authorized by Order in Council. Together, these amounts show a deficiency, as compared with the expenditure, of £27,409 17s. 6d. In other words, £27,409 17s. 6d. was spent illegally, and inasmuch as the £40,000 special order, though legal, was a Ministerial expenditure, it may be added to the illegal expenditure to show the expenditure in excess of the Votes of the Assembly. I wish these were all; but there are besides outstanding liabilities estimated at £69,000, and supposed to exceed even that sum. Amongst the other items of expenditure appears £17,738 6s. 6d. as supplementary or unauthorized. Of this, about £13,000 is for old advances written off. The particulars of the expenditure will be found in Statement K. I shall not dwell further on the expenditure : Table K. honourable Members at their own leisure can best ponder over the facts which the tabular statements I have placed before them disclose. The Committee may be anxious to know how such increased expenditure can be brought to charge against a revenue which has not shown a corresponding increase. I shall shortly have occasion to refer more particularly to the state of the chest; meanwhile I may remind honorable Members of the overdraft of £60,000 ; of about £10,000 of Sinking Fund on account of converted Debentures, which has been absorbed in the revenue ; and of some Treasury Bills outstanding, which last year it was intended to pay off. But these are only fractions of the total. It is idle to hide from ourselves that borrowed moneys have in reality passed to the aid of revenue. Not only has this been the case with a portion of the Consolidated Loan, or of money raised under the Public Debts Act, but the process is not of recent date. The balances which still stand to the credit of the old loans have, more or less, passed to the aid of revenue. When the year's accounts are all made up, if the House support me in the responsibility I have undertaken of having the advances brought to account, honorable Members will gather a truer notion of our financial condition than with the utmost labour they have hitherto been able to do. Statement L. show the payments made to the Provinces during the year. When last Session Table L. it was declared the Provinces had only received eleven months' payment, honorable Members will recollect I contended they had been fully paid for the twelve months. It turned out they had been overpaid for the twelve months, and when the accounts were made up the payments for- the whole twelve months were included. The consequence is that in the present year's accounts only eleven months' payments are embraced. In June the Provinces were paid what was due to them for May. Statement M. shows the expenditure of the £1,114,000 authorized to be raised for the purposes of Table M. Schedule 8., under the Public Debts Act. There is an apparent balance of £58,000, about which I shall have more to say presently. TRUST FUND. The House will desire to know the condition of the Trust Fund at the end of the year. It stood thus : — Balance at credit of Trust Fund on 30th June ... ... £242,360 15 6 Of which there has been invested — In Bonds for £50,000 of the Consolidated Loan ... ... £50,035 10 0 Invested in Treasury Bills now in the hands of the Controller 146,000 0 0 £196,035 10 0 Balance in Cash in Bank of New Zealand, Wellington ... 46,325 5 6 £242,360 15 6 Honorable Members will observe that this statement bears out what I stated in my opening remarks. Of £242,000 accumulations, there was £46,000 in cash, against which virtually there was the right, if required, to overdraw £60,000 in aid of the Consolidated Fund ; there was £50,000 in Consolidated Debentures; and there was £146,000 in Treasury Bills. This last means, that the Trust Fund was operated on to that extent in aid of expenditure, the Controller holding Treasury Bills, to represent the operations. I do not mean to hint that there is anything injudicious in this employment of the Trust Fund ; but honorable Members will form their own opinion of the value and consistency of the professions we have heard of late years concerning the sacred nature of that Fund. There is no difference between the present and the old position, excepting that for the Trust Funds now employed Treasury Bills are lodged in the hands of the Controller ; in other words, when the employment of Trust Funds was objected to, any authorization of Treasury Bills to the amount of that employment would have met the objections then as far as the present system meets them now. Before proceeding to the Expenditure and the Ways and Means of the ensuing year, I will ask the Committee to allow me to refer to some matters of policy, about which, if I were silent, I should fail to do justice to the intentions of the Government.
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FINANCIAL STATEMENT.
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SINKING FUND. The Government, after mature consideration, have decided to ask the House to amend the Sinking Fund Act of last Session, in respect to allowing the sinking fund on account of so much of the Three Million Government Loans as remain unconverted, to be invested at home, as originally intended. There is, no doubt, an appearance of additional security to the lenders of money sixteen thousand miles distant, in the custody on the spot of the securities represented by the sinking fund. The sinking fund of one of the Canterbury Loans is amenable to a similar argument, since it was agreed that that fund should be invested in England. These sinking funds, therefore, it is proposed to release from the control of the Commissioners. Whilst taking this course, I have, however, to express a strong opinion that the investors of the Colonial sinking fund at home should invest in New Zealand Loans, and not in a variety of other loans, as they do at present. It is to be observed that the sinking funds, under the most favourable view, are only collateral securities —the holders of debentures have to look primarily to the Colony for direct payment, after which the collateral securities become the property of the Colony; indeed we are advised that, legally, the bondholders have no claim on the sinking fund—that, in fact, a sinking fund is only a provision _ made by the State for securing an accumulation to suit its own convenience, and that the accumulation belongs to and is at the disposal, not of the lenders but of the borrower. It is under this theory that the right has at home been exercised of disposing of sinking funds otherwise than was provided when_ their accumulation commenced. We do not, however, contemplate the assertion of any such right; we only propose that the sinking fund, which is accumulating on account of the unconverted loans, should be employed in the purchase and accumulation of New Zealand securities. No better plan for placing the Colony in funds to meet the required payments could be devised, than to release from the market if possible the same securities as those to which the sinking fund belongs, and next to absorb analogous securities. To the holders of debentures the investment of the sinking fund in this way is an advantage, for it assures them of a steady market when they desire to realize. Next we propose to amend the Act in respect to the portions of Provincial loan inking funds set free by the conversion of the old loans. By the present Act the amounts released are to be paid to the consolidated revenue, and a corresponding amount is to be written off the Provincial loan liabilities; in other words, the Colony borrows the money and undertakes to be liable for a proportionate amount of Provincial indebtedness. We entirely disapprove of this, for it drifts the Colony into fresh borrowing without the Assembly being well aware of it or intending to authorize it. We are of opinion that the Colony should only contract fresh loan liabilities with a clear authority both in regard to amount and object. Then there is an alternative of going into the market, and extinguishing, with the sum released, a proportionate amount of indebtedness. This would be perfectly fair, but there would be a difficulty in the way if the investment were made in consolidated debentures; these could not be cancelled without inconvenience, because the whole amount of interest and redemption fund must continue to be paid on them to meet the requirements of the annual drawings. There is another alternative, of handing over the proceeds of the released sinking funds to the Provinces. We propose to adopt that course. Outside creditors cannot complain of it. As far as they are concerned, the amount represented by the released sinking funds is absolutely free. They have taken in exchange a different security, with a distinct machinery for repayment. The matter is solely one between the Colony and the Provinces, and considering the requirements of the Provinces, the Government propose to recommend the course just named to the Assembly. PROVINCIAL OVERDRAFTS. The law affecting Provincial Overdrafts is at present in an unsatisfactory condition. That these overdrafts exist we know, and that to forbid them altogether would be a hardship must be recognized. The revenues of the Provinces come in unequally during the year. I need only refer to license fees and pastoral rents as proofs of the assertion. The corporate bodies of even small towns make no difficulty in incurring temporary loans, and surely it is unreasonable to deny to the elaborate organizations of Provinces a privilege within the reach of constituted authorities of much less importance. Besides, practically, overdrafts cannot be prevented: the only thing that can be done is to regulate and set a limit to them. We propose to allow the Provinces and the County of Westland to overdrawto the extent of one-fifth of their previous year's income, always providing that each is able to make an agreement with its bank to do so, and on the clear understanding that the Colony is in no way liable for the accommodation. It is not intended that the power shall be cumulative; that is to say, at no time is the overdraft to exceed the proportion I have stated. I have included Westland, but I must remark that the Government consider that the large funds paid out of the revenue to that County make it necessary there should be an efficient system of audit brought into force there, such as does not at present exist, and which works well in the Provinces. PROVINCIAL LOANS. A very important question, and one about which I am sure the House will desire to obtain an expression of opinion from the Government, is that about allowing to the Provinces the power of incurring fresh permanent liabilities. We look forward to something more hopeful than the stagnation into which the Colony has at present fallen in respect to those reproductive works, which it is an accepted principle will repay the outlay incurred on them. The Government are entirely of opinion, that to shut out from the Colony the hope of such works would be to deny to it a future such as it has the right to expect. Nor can the Government consider that the fact that the construction of such works belongs to the Provinces is any argument against their construction. When the Legislature shall decide that some other system of administration shall be substituted for the Provincial, the duties of the Provinces will, it is to be hoped, be adequately transferred. But whilst the Legislature does not see fit to make such alteration, a Government that made the existence of the Provinces an excuse for limiting the progress of the Colony would be unmindful of the duty that devolves on it, if it con-
FINANCIAL STATEMENT.
9
B.—No. 2
aiders the Provincial system unworkable, to propose to amend it, and not to bring discredit on it by refusing to allow the proper functions belonging to it to be fulfilled. Whenever we consider the system requires to be altered, we will propose to alter it; but whilst it remains, we will regard it as the accepted system of the country, one to which we owe every consideration, and which it is our duty to assist', not to impede. Sir, we recognize there are works which the Provinces might usefully carry out, and we would not deny to them the means to do so, but that we are met with this obstacle, that, however desirable they are, before we would be justified in using the credit of the Colony to construct them, we must remember the other claims on that credit which have arisen through events which are now beyond recall. Until the finance of the Colony is placed on a more satisfactory footing than at present, it would be unfair to ourselves and to others to enter into fresh liabilities which might be avoided. Still, it is in no idle spirit, or with any desire of holding out false encouragement, that I say the Government look forward to being shortly able to state that the condition of the Colony will justify the Assembly in taking into consideration proposals from the Provinces for the construction of large and reproductive works. The remarks I have made do not apply to liabilities already existing, which it is necessary to satisfy in some way. Those provisions require to be considered separately. Marlborough is in a condition of insolvency. The people of Marlborough evidently do not care to tax _ themselves sufficiently to maintain the expense of a separate Government: and it is obviously inconsistent with the institutions of the country that any one Province should remain a permanent burden on the consolidated revenue set apart for the use of other Provinces or of the Colony generally. We see only one course open —the re-annexation of the Province to its parent Province, Nelson : and we accordingly propose to bring in a Bill providing for the absorption of Marlborough. The Bill will be general in its nature, in order to enable every one concerned to ( arrive at a friendly conclusion respecting the many details which will require to be considered, m order that they may be embodied in a more complete Act next Session. The condition of Southland is still far from satisfactory, but we desire very much to extend to that Province a further opportunity of retrieving itself. The large amount of interest it is paying must eat up its landed estate : and _we shall earnestly endeavour to press on its Government the policy of endeavouring to negotiate the sale of such a portion of its territory as will lighten its present enormous burden. Unless some unexpected good fortune arise—such as extensive gold fields —Southland will either have to do what I have suggested, or arrange for amalgamation with Otago. The case of Wellington is also special. It has a standing loan on the security of its harbour reclamation, for which it is paying ten per cent, interest; and it has another authorized loan, omitted by accident from the Consolidated Loan Act. The financial position of the County of Westland causes the Government some anxiety. The County authorities seem to be under the impression that they have the right to command assistance from the Colonial Government. A Treasury officer has been sent to investigate the affairs of the County. LOAN FOR NORTH ISLAND. The House has already been informed of the opinion of the Government, that no permanent security can be obtained in the North Island whilst its interior remains comparatively a sealed book. We consider the opening up of main roads through the Island, in connection with the chief centres of population, a step which will do more towards finally solving our difficulties with the Natives than any other that could be devised. It is no part of our plan to carry roads by force through territory forbidden to us by its owners. But we see no reason to doubt that any apparent obstacle in the way of obtaining lines of road may be overcome, and that, if the House approves of it, a base may in the course of a few years be formed for whatever defence force it is necessary to maintain in the country, from which base operations may be carried on anywhere in the Island, should the necessity arise. But that which we propose would cost money ; and the revenue cannot afford to supply it, even if it were fair that it should do so. But it would not be fair that it should ; the works proposed are of a nature which will essentially benefit those who come after us, and moreover they will especially benefit this Island. Therefore, we propose that a Loan, by whatever means raised, shall be a liability to be met by the North Island, although we feel convinced the Middle Island will not object to lend its credit in order that the money may be procured on most favourable terms. And, in order that there should be no reversal by a. North Island majority of the condition on which the loan is raised, we propose to insert a stipulation, that the provision which charges the North Island with the liability shall not be reversible by less than the votes of three-fourths of the Members of the House of Representatives; and to afford greater security, we propose to ask the Secretary of State to ratify that stipulation either by Imperial legislation, or by an Order in Council forbidding the Governor to consent to any Bill repealing it, unless such Bill" be passed by three-fourths of the votes, as I have stated. The second condition, of making the charge fall on those who come after us, invites large consideration. We are of opinion that in principle it is entirely fair, and that we should endeavour to give effect to it. We shall seek, therefore, in the Act authorizing the Loan, to give an alternative power to borrow the money with deferred payments of interest, of say from five to fifteen years. There is reason to suppose that such a description of loan would find favour both in England and Australia. There are vast amounts of money in both countries ready to be invested for a term of years, and the loan we propose will be eminently suitable for that purpose ; for it can be made to surmount all risks of the custody of pieces of paper or parchment, as well as to obviate the inconvenience of constantly drawing dividends and having to re-invest them. We propose to ask the Imperial Government for a Permissive Act, enabling trustees at their option to invest in the Loan on behalf of their trusts. We do not desire to raise the money all at once, since it is part of our proposal that the Assembly should, each year, direct how it should be spent. During the present year we propose to take authority to spend £50,000, and detailed estimates will be submitted for the purpose. As the_ loan proposed would be experimental, and might not succeed, and as, moreover, it might not be expedient to attempt to float a loan at present, authority will be asked to raise the money temporarily by Treasury Bills if thought preferable. I should mention that there is one member of the Government, the honorable 3
B.—No. 2,
10
FINANCIAL STATEMENT.
Member for Mataura, who, whilst he concurs in the policy of road-making, does not approve of the proposal to raise money by loan for the purpose. DUTY ON GRAIN AND FLOUR. Without raising the question of protection or free trade at the present time —although the time will come when it will surely be raised—the Government have arrived at the conclusion of recommending the House to consent to the imposition of a small duty on flour and grain, to continue only whilst the price of these articles does not exceed a maximum to be stated; which maximum will represent the price at which they can be produced in the Colony without loss. The fiscal policy of a neighbouring Colony, Victoria, seems to force on us this course. There, irrespective of the ruling price, a duty is levied. In proposing to make the continuance of the duty subject to the market price, we consider we are protecting consumers from the liability to suffer from the tax. The. consumer benefits most from a continuous steady price. It is invariably the case, when the fluctuations are extreme and constant, that the consumer is made to suffer much more speedily from an increase in the wholesale price than he is allowed to benefit from a reduction. The farmers, whilst they do not know with what contingencies of fluctuation outside the Colony they may have to contend, are discouraged from largely extending the growth of cereals: give them greater assurance, and you have the right to expect larger competition. You assure to the producer a steady market, and to the consumer a reasonable security against sudden and burdensome rises in price. Whatever the individual opinions of some of the members of the Government, they do not pretend in this proposal to assert any new abstract doctrine in conflict with doctrines which are elsewhere accepted; they merely contend that, all the circumstances of the Colony considered, it is expedient this duty should be imposed. It will be for the House to decide the question. I may add that, by adopting the rates imposed in Victoria, the duty is likely to yield £14,000. Tables marked N. afford information on the subject, and I refer honorable Members to them. THE FINANCIAL RELATION OF THE COLONY TO THE PROVINCES. It is a favourite expression that figures may be made to prove anything; which, I take it, means that figures are capable of abuse as well as of use. But figures may be made to do more than illustrate —they may be made to teach and record history. I lay before the House some tables and returns marked 0., which I believe record more of the financial and colonizing history of New Zealand than would a whole volume devoted to the same purpose. They show the revenue collected within every separate Province since the Surplus Revenue Act passed. They show how much of that revenue was devoted to what in New Zealand we deem purely Colonial purposes ; how much of it went to meet the cost of services voted by the Assembly, but charged to the Provinces ; and how much was given to the Provinces to be expended by Provincial appropriation. Sir, what we deem Colonial purposes proper has very little to do with what may be termed the progress of colonization. Out of nearly seven millions of revenue raised within, the Provinces, over three millions were spent on so-called Colonial purposes; and table five of the series shows roughly, but with what, for historical purposes, may be deemed sufficient accuracy, the manner in which this same Colonial revenue has been employed. Let honorable Members turn to the table, and ask themselves what are the reproductive or colonizing purposes there indicated. The interest on loans is interest on money thrown away in vain efforts to civilize or to conquer the Native race. To return to the first-mentioned tables, it will be found that of the aggregate revenue £1,400,000 has been expended on General Government Services within the Provinces: these services mainly represent the cost of the law courts and of the tax-gatherer —the cost of raising the revenue. The portion handed over to the Colony for expenditure is net, is free from all charges for collection. To the Provinces for Provincial appropriation, £2,200,000 has been given. Yes, out of nearly seven millions the Colony has yielded up £2,200,000, exclusive of territorial revenue, for all those purposes for which the Provinces have to provide —such as the maintenance of police and gaols, educational and charitable institutions, immigration, and the construction of roads, bridges, and public works of a reproductive nature. When we ponder over the history these figures record, can we doubt that the Colony owes to the Provinces that they have saved for useful purposes some portion of the enormous revenues raised within them ; can we doubt, moreover, how powerful for colonizing purposes the Provincial organizations have proved? Had the Colony been colonized from one centre, would we have had the spectacle which, for example, Canterbury and Otago afforded, of communities rushing into vigorous life with incredible rapidity ? From those two Provinces over three millions of revenue have been raised in eight years : and j r et there are those in this House, still in the prime of life, who can remember the time when the first immigrants landed at Port Chalmers and Port Lyttelton. Even Taranaki has given to the Colony, for so called Colonial purposes, £57,000. It is well to think over this history before deciding to do anything which might destroy institutions, the past usefulness of which it is impossible to question. Two years ago, a great revolution was made in our fiscal system, but the claim of the Provinces to a share in the revenue was admitted. That revolution, it was declared, had some finality about it. Scarcely a year elapsed before another change was proposed. I have often asked myself whether, if the late Treasurer had been in the Colony, he would have consented to the proposals of last yearp I am not here to deny that the partnership between the Colony and the Provinces does not place obstacles in the way of dealing with questions of taxation : but still I do not admit that the partnership adds to the aggregate taxation. My colleague, the honorable Member for Mataura, conclusively disposed of that theory, in his speech the other evening on the resolutions of the honorable Member for Selwyn. A capitation allowance to the Provinces would, it is true, get rid of the anomaly of some Provinces receiving Customs Revenue for goods consumed in other Provinces, and so operate more justly in that
Table N. (1 & 2)
Tables! O. (1 to 5)
B.—No. 2.
respect than, lam free to admit, the present system does. On the other hand, this is no new circumstance ; and as we do not propose this Session to deal with that other question—the partnership as it affects the remodelling of the incidence and nature of the taxation —we will not submit to the House proposals which in a measure would organically change the relations between the Colony and the Provinces. We know at any rate that the partnership renders it the interest of every Province to aid the General Government in reducing the cost of Provincially charged services. An alteration, whatever its other recommendations, would not promote economy, and We think it may well be left for more mature consideration. PROVISION FOR OUTSTANDING LIABILITIES, AND FOR ENGAGEMENTS UNDER THE AUTHORITY OF PERMANENT APPROPRIATIONS. Of all the subjects with which I have had or have to deal, that of making clear the financial position of the Colony at the end of June last is the most difficult. Following out the system which I have already indicated, I have now to propose that distinct provision be made for outstanding liabilities. These divide themselves into two classes: firstly, payments for services rendered up to June 30th: secondly, provision for services permanently voted, but the money for which is not available. Sir, I have said that as a matter of account there was £58,739 3s. Id. available for expenditure out of the £1,114,000 raised under the Public Debts Act. But when I look to the Bank balance at the 30th June, I am met with the conclusion that, taking into account the overdraft of £60,000, there would be a deficiency in the Consolidated branch of the account. The Bank balances on that date all over the Colony amounted to £150,077 ss. 9d., of which £46,909 Bs. 6d. belonged to Land and Trust Funds, and the balance £103,167 17s. 3d. to Consolidated and Special Funds. If I take from this the £58,739 3s. Id. remaining out of the £1,114,000, I have only £44,428 14s. 2d. left to meet the overdraft or deficiency bill, which clearly ought to be provided for. I am aware that, as a matter of account, it may be argued that the £58,739 3s. Id. may be found elsewhere ; partly, for instance, in a small sum supposed to be in the Agents' hands. But lam not raising an ethical question: lam considering the process of practically dealing with the required expenditure, of providing means for it, and of enabling the Committee to understand our precise position. For the outstanding payments to be made against the Special Fund, no inconvenience can arise in taking the votes in Committee, whilst only by so doing can I hope to enable honorable Members to realize the state of the finances. We propose, therefore, to carry ttie balance of the £1,114,000 to revenue, and to take votes for the outstanding engagements and liabilities. The estimate of liabilities (see paper marked P.) i shows a total of £110,234 ss. 3d. My colleague, the Native and Defence Minister, has returned the Defence liabilities at £69,000, being the amount absolutely known with a margin of about £6,000. But so much do we doubt any precise knowledge of the real liabilities, that we propose, beyond those now stated and for which votes will be taken, to ask the House to give authority to meet any further liabilities which it may be necessary to satisfy. Under the head of Engagements, I include the Government House building, Telegraph Construction, Lighthouses in progress, and Confiscated Lands, as items for which permanent appropriations were passed out of the £1,114,000, but which, to make the position clear, it is necessary to bring under the notice of the House. To pay off the Wellington Debentures, and for other objects, money was raised at home by a temporary loan on consolidated debentures deposited. But the payment had to be made out of the cash balance in the Bank at the commencement of the year. When the debentures are sold a small balance may remain in the Agents' hand, of which I will take account presently: I may state that I did not consider myself warranted in drawing on the Agents for it, as, with a less knowledge of the circumstances, I stated three or four weeks back I intended to do. Southland debts represent amounts yet to be paid, which, with the exception of £399 (see Return Q.), will be in excess of the provisions already made for payment of the debts of that Province. I propose to pay off those amounts by further adding to the capital charge against the Province. Should the Committee think otherwise, it may be made an immediate debt against Southland, to be recovered by the stoppage of the funds, if any, reverting to it. The item Treasury Bills, £6,000, is for Bills which will come in for payment, but which will be renewable, and for which I will take credit on the other side. The Provincial Charges Liabilities need not enter into the question of the provision presently to be made, because they will be defrayed out of the Provincial moiety. The liabilities and engagements, exclusive of Provincial, together amount to £157,217 7s. 9d.; to which has to be added the overdraft of £60,000. The total then stands thus. £s. d. Liabilities ... ... ... ... ... 89,284 12 10 Engagements ... ... ... ... ... 67,932 14 11 Overdraft ... ... ... ... ... 60,000 0 0 £217,217 7 9 To meet this, there is the £103,167 17s. 3d. Bank balance on account of the Consolidated and Special Funds, inclusive of the overdraft. There is £6,000 of Treasury Bills renewable, and £11,000 of old Treasury Bills unissued. I estimate that there will be about £12,000 in the hands of the Home Agents when the debentures before alluded to are sold. There is £800 recoverable from the Home Government for payments for pensions made on its account. There are other balances in account, but they are not balances which can be turned into cash, which is what we want. There is, lastly, the £150,000 Treasury Bills, authorized by the Assembly three weeks since. Honorable Members, when they learn what the Bank balance was, may ask themselves, whether authority for the issue of these bills was necessary ? I reply most positively in the affirmative. The Bank balance represented money standing to the credit of the Treasury in the banks all over the Colony; in other words, not passing to the credit of the account here till the first fortnight in July. There were very heavy payments to be provided for, such as about £70,000 for remittance home, and heavy past liabilities for Defence and other purposes, besides £17,000 Wellington Bonds, and current payments as described
Table P.
Table Q.
11
FINANCIAL STATEMENT.
B.—No. 2
12
FINANCIAL STATEMENT.
to the Committee at the time. As a matter of fact, a considerable part of the money was required, and we were glad to negotiate the bills. I will now put the available assets I have mentioned together:— £ s. d. Bank Balance ... ... ... ... ... 103,167 17 3 Treasury Bills renewable ... ... ... ... 6,000 0 0 Old Treasury Bills issuable ... ... ... ... 11,000 0 0 In Home Agents'hands, about ... ... ... 12,000 0 0 Due by Home Government ... ... ... ... 800 0 0 New Treasury Bills authorized ... ... ... 150,000 0 0 £282,967 17 3 Deduct from this amount the Liabilities, Engagements, and Overdraft 217,217 7 9 And we have a balance left of ... ... ... £65,750 9 6 This balance represents the amount available for next year's expenditure, after issuing all the Treasury Bills lately authorized and paying off the overdraft. I hope the result is clear, and that honorable Members find it better than they expected. It includes all the available balance out of the £1,114,000; and besides the Permanent Loan Liabilities there remains, as a floating debt, £378,000 on account of Treasury Bills, the whole sale of which is included in the estimate. The permanent Colonial Loan Liabilities amount to £3,835,000, exclusive of Amounts charged to Provinces. Full particulars of the Loans appear in a Return already laid on the table of the House, on the motion of the honorable Member for Gladstone, Mr. Jollie. ESTIMATED EXPENDITURE FOR 1869-70. The estimated Expenditure for the year is as follows. I contrast it with the Estimates for the previous year : — 1869-70. 1868-69. £ s. d. £s. d. Civil List ... ... ... ... 27,500 0 0 27,500 0 0 Permanent Charges ... ... ... ... 284,089 2 2 320,542 16 G ~ ~ on Provincial Account ... ... 157,416 0 0 Class I.—Public Domains and Buildings ... ... 2,480 0 0 2,880 0 0 Class ll.—Public Departments ... ... 40,890 18 8 38,543 7 3 Class lll.—Law and Justice ... ... 51,808 8 0 57,912 10 11 Class IV—Postal, &c, Services ... ... 134,334 0 0 116,236 18 7 Class V.—Customs Departments ... ... 40,475 15 0 42,288 12 6 Class Vl.—Native ... ... ... 21,407 2 6 17,663 12 6 Class Vll.—Miscellaneous, Special, and Temporary ... 31,516 17 6 190,215 6 6 Class Vlll.—Militia and Volunteers ... ... 27,669 14 2 23,882 5 1 Armed Constabulary ... ... 118,000 0 0 80,938 3 6 „ „ Defence (Contingent) ... ... 32,000 0 0 50,000 0 0 Total ... ... ... £969,587 18 0 £968,603 13 4 No conclusion can be arrived at as to the economy or otherwise of the proposed expenditure by comparing the totals of the two years ; because in the year 186S-69 a large sum is included for Treasury Bills, nominally to be paid off, but really to be renewed ; and on the other hand, in the present Estimates are included the permanent charges which have to be paid on Provincial account, and some of the services we propose to charge on the revenue this year were partly provided out of Special, or what was called Extraordinary Revenue last year. I will briefly refer to the separate classes which indicate an apparent increase over last year's Estimates. The increase in public departments arises through amounts being substituted for the word " fees" as payments to certain officers such as Registrars. In last year's Estimates " fees" were set down, but the unknown amount could not be detailed. In the Postal Charges there appears an increase, which is to be accounted for by larger payments necessary to be made on account of the Suez and Intercolonial Services, consequent on the discontinuance of the Panama line. It must be remembered, however, that this discontinuance leaves a saving on the permanent charges of over £50,000. The items for Intercolonial and Interprovincial Services are so set down as to leave to the Committee the opportunity of discussing the question of new contracts apart from those existing, for which payment must be made. The Postal Estimates are also increased, through its being necessary to place votes on the Estimates for Marine Survey and for Telegraph Construction, hitherto charged against Extraordinary Revenue. The Miscellaneous shows a large decrease, on account of its not being requisite to charge that item with the payment of any Treasury Bills during the year. I should mention, in regard to the Civil servants, that a difficulty has hitherto existed in the way of classifying them under the Civil Service Act, on account of its being found that the officers of some departments are not suited to the duties of other departments, and that therefore their transfer from one department to another would be detrimental to the service. We propose to obviate that difficulty by giving to the Governor power, for one year, by a clause in the Appropriation Act, to classify the servants in any one department, provided that such classification shall not increase the aggregate salaries voted. Should the plan answer, permanent provision can be made next Session for giving effect to it. Great inconvenience arises through the votes for Gold Fields officers being provided partly by the Provinces, partly by the Colony. We propose to introduce a Bill leaving to the Provinces the duty of voting such salaries; but providing that whenever they fail to
FINANCIAL STATEMENT.
B.—No. 2,
13
make adequate provision for the officers on the Gold Fields appointed by the Governor, His Excellency in Council may direct the necessary payments to be made out of the revenues arising from the Gold Fields. We have not been able to devote to the Estimates time sufficient to determine what reductions in the Service it might be possible to make. But we are of opinion that, by the amalgamation of different offices in some parts of the Colony, reductions may be effected; and it will be our endeavour, notwithstanding the appropriations, to make such reductions whenever they seem practicable and desirable. NATIVE AND DEFENCE ESTIMATES. Last year, besides the appropriations against Revenue for Defence purposes, there was additional provision made out of Extraordinary Revenue. This year the whole proposed charge appears in the Estimates. I shall leave my colleague, the Native and Defence Minister, to explain to the House the Native and Defence Estimates. It is only necessary for me to say, that the Government recognize that it would be very easy to expend any amount of money on these purposes that the House was willing or able to provide. But we cannot advise the Assembly to supply the Government with funds to keep up an expenditure which would involve the Colony in bankruptcy. It is the purse which fights upon the Maori's side, and well he knows it. Let us ask ourselves what is the result of the last eight years' prolonged rebellion. A certain loss of life on both sides ; some loss of land on one side ; an enormous loss of money and of property on the other. The land remains to be disposed of, and, as the rebels mistakenly hope, to be won back. But the money is gone —it cannot be recovered. You cannot get money from the Maori, for he has none ; you cannot commit him to an enormous debt, for there is no one from whom he could borrow were he even disposed to do so. Every fresh hundred thousand pounds he adds to our debt is a fresh triumph gained by him, which it is impossible to win back. Are we so blind as to fail to see that the financial ruin of the Colony would be victory to the rebels ? In restraining a reckless expenditure beyond the means of the Colony, we ask the House to arrest the steady progress the rebels have hitherto made in fixing on the Colony overwhelming burdens. We have land which may be worth a quarter of a million, to show against three and a half millions of debt, besides claims for an unknown amount for compensation for destruction of property. Statement R. is suggestive of the annual cost which Native management imposes. It shows the increasing charge on revenue. The portion relating to Interest and Sinking Fund must remain a burden for a long time to come. WAYS AND MEANS. To arrive at a conclusion of the Ways and Means required, it is necessary to consider the system which charges against the Provincial moiety a portion of the appropriations. The Estimates show an expenditure on General Government account of £617,134 14s. 2d., and on Provincial account of £352,453 3s. lOd. The Provincial moiety of the Revenue provides for the latter. What I shall have to ask the House to consider is the provision available out of the Colonial moiety and from other sources for the Colonial share of the expenditure. Of those other sources I have already explained the balance after payment of liabilities and after negotiation of Treasury Bills, which, as stated, amounts to £65,750 9s. 6d. The estimated Revenue is as follows. I place opposite to it the Revenue of last year:— Actual for 1868-69. Estimates for 1869-70. Customs ... ... ... ...£805,929 0 0 £816,000 Bonded Warehouses ... ... ... 4,686 18 9 5,000 Stamps ... ... ... ... 60,042 15 6 66,000 Post Office ... ... ... ... 45,561 0 2 48,000 Telegraph ... ... ... ... 18,350 0 3 25,000 Miscellaneous ... ... ... ... 71,363 18 3 72,000 *£1,005,933 12 11 £1,032,000 To these amounts has to be added, estimated duty of Flour and Grain, if approved by the House ... ... 14,000 £1,046,000 There is nothing in these Estimates requiring comment. They are believed to be moderate anticipations of what will be realized. If explanation is asked concerning the large increase in the Stamp Revenue, I may state that in the Auckland office £100 a day has, during the present month, been received for stamps. One-half of the Revenue equals £523,000; a further sum which I propose to bring to the aid of Revenue is one of about £40,000, being the amount of Sinking Fund which we expect the Home Trustees to release on account of the conversion of Colonial Debentures into Consolidated Stock. We have then, —■ £ s. d. Balance, after satisfying past liabilities... ... ... 65,750 9 6 Moiety of Consolidated Revenue ... ... ... 523,000 0 0 Released Sinking Fund, about ... ... ... 40,000 0 0 £628,750 9 6 against an expenditure on General Government services of £617,114 14s. 2d., showing a surplus of a little over £11,000. This amount will be increased by the issue of debentures under the Consolidated
Table X,
* This amount is exclusive of amounts transferred to Revenue during the year as balance of Civil List Fund, Sinking Fund released, Treasury Bills, and Interest received by Agents in England.
4
B.—No. 2
FINANCIAL STATEMENT.
14
Loan Act, to be charged to Southland to the amount of £6,000, to pay off that sum, set down as further liabilities of the Province. We may thus presume on a surplus of about £16,000 after providing for all services to the end of the year. I believe this is much more favourable than honorable Members generally expected, for it involves the need of no further borrowing ; still as a measure of precaution, as some part of the Ways and Means depends on amounts expected to be available at home, the Government may ask for authority to issue a small additional parcel of Treasury Bills, say from £20,000 to £50,000, to be used in case of need only. But lam not prepared to state that the Government have decided to make the request, and I have to add that we do not think, if the provision be made, it will be necessary to avail ourselves of it. Sir, the proposals I have submitted do not involve any large organic changes, but their object all tends to one end —to relieve the finance of the Colony of its present complicated conditions. For the first time, provision is attempted to be made, in more than name, for the services up to the end of the year. Instead of charging a portion of the previous year's expenditure against the votes for the current year, and throwing forward liabilities of this year to the next, the proposals now submitted will leave a clear field for the next year's provision. Only one liability wo have not provided for, and that is for the detention of the troops ; but we do not know what its amount will be, and it will not come in for payment during the current year. We leave the floating debt on account of Treasury Bills as it was : I do not see any reason to doubt that it may continue until it is convenient to redeem them or to convert them into a permanent loan. If it be urged that in using the balance remaining out of the Treasury Bills wo are supplementing the revenue with borrowed money, it should be remembered that the annual payment for sinking fund is so much off the liabilities of the Colony. It happens that the amount to be paid for sinking fund, together with the surplus, about equals the balance from the Treasury Bills, which we propose to employ. ANNUITIES AND LIFE ASSURANCE BILL. The Government, I am glad to say, have taken up with great cordiality the proposal I had the honour to make to this House before I took office, concerning the disposal by the State of Annuities and Life Assurances. A measure for the purpose will bo introduced, and I have only here to say that, beyond the beneficent purpose it will fulfil in encouraging provident habits amongst the people, I look to its affording great relief to the finance of the Colony —a relief the commencement of which will, I think, be felt within a year, and on which the Treasurer who makes the next yearly statement will be able to place some definite reliance in his budget. IMMIGRATION. I feel, Sir, that in dealing with questions which intimately affect the future as well as the present of the Colony, I should ill discharge my duty if I failed to make the House acquainted with the sentiments of the Government on the great question of Immigration. We recognize the large effects which in the past have resulted from direct emigration from the Mother Country, and it is certain that in the present comparative cessation of immigration we have cause for much thought, much consideration and regret. But whilst we admit that the subject requires to be dealt with, we do not see our way to deal with it this Session. Something more is needed than merely attempting to induce immigrants to come ; it is highly desirable to be able to base the inducement on tangible grounds. The great variety of the climate and resources of New Zealand should make it a suitable field for immigration for a vast variety of persons, and we are persuaded that but for the Native disturbances New Zealand would be once more a favourite field. But it is idle to suppose that with so many colonies and countries competing for immigrants, something more than merely asking immigrants to come is not necessary to obtain a number sufficient to do justice to the progress in colonization which the country ought to make. A great part of this Island yet remains to be colonized ; whilst for colonizing the last portion of the Middle Island still remaining unsettled, a Bill has been carried through the House this Session by the Superintendent of Otago. We have seen in times past what results may spring from a nucleus created by a few score of hardy, energetic, enterprising settlers; and we know that the continued maintenance of immigration has largely contributed to further progress. But the problem is only partly solved. It meets us in this form —what shape should assisted immigration continue to take? I can only lay down some conditions: amongst them, first, I would class an exceedingly careful selection of suitable persons. We are here brought to the conclusion that the proposal which has found favour in some quarters, of a scheme of immigration conducted by the Imperial and Colonial Governments jointly, is not likely to be successful. The interests of the two Governments are entirely diverse. It is the interest of the Imperial Government to rid the country of the worse part of the population: it is that of the Colony to obtain the best. Again, we have to consider that assisted immigrants should not find themselves landed on our shores without some one to look to for guidance and employment; and I will go further, and venture to lay down as a principle, that it is exceedingly desirable that the assistance rendered to the immigrant, in respect to his passage or otherwise, should be by him faithfully and rigidly repaid. But it is in the last degree objectionable to establish direct relations of a pecuniary character between the Government and a large body of individuals ; it follows that in theory the most desirable system of immigration would be one in which all pecuniary transactions were conducted by some body or association intervening between the Government and the immigrant, but in which, as respects selection or approval, the Government should have much discretion left to it. Now, Sir, I will ask the House to accept one more proposition ; that such body or association should be able to base its calculations on a computation that out of a certain number of immigrants, so many will be successful, so many, from various causes, the reverse. Here are abstract considerations which still remain to be forged into shape. I lay them before the House that it may be understood on what principle the Government come to the conclusion I am about to announce. That conclusion is, to invite outside as well as within the Colony, not only every information obtainable, but also a number of specific offers and proposals for carrying out a continued scheme
FINANCIAL STATEMENT.
15
B.—No. 2.
of immigration, allied with settlement, and of laying them before the Assembly next Session, together with carefully prepared recommendations based on them. We make no doubt that, within as well as without the Colony, persons will be found willing to undertake to form settlements in this Island on land which the Crown, without violation of any rights, or without proceeding to any fresh confiscation, will be able to place at their disposal. Such offers have, in more than one instance, been made respecting the Patoa District, and. proposals of the kind are even now maturing at home. Even the settlers already located in some of the outdistricts would find it a benefit to be able to associate together for the purposes of self-defence and of framing, within limits, bye-laws to govern and unite them, and to aid the promotion of the industries in which they are engaged. One cannot fairly estimate what combined efforts at settlement, such as have proved so successful in the past, may yet do in this Island. It need scarcely be said that the duty of self-defence, and the clear exemption of the Government from compensation risks, will have to be the guiding condition of such settlements ; but these are details into which I will not now enter. It must not be supposed that we consider to this Island only should national efforts to promote immigration be confined. Much that I have said applies to both Islands ; and it is the intention of the Government to propose next year a comprehensive plan which, without violating constitutional conditions, will extend the benefits of regular and systematic Immigration to the Colony throughout its length and breadth. I have little more to add. Honorable Members who expected that large and organic changes would be indicated, will doubtless have been disappointed with the Statement I have made. The ruling spirit of that Statement has been a conservative desire, not for change, but for working to the utmost advantage the existing institutions of the country. We think it better to improve than to revolutionize; and it is this policy which I have attempted to depict, but to which lam fully conscious I have done but feeble justice. It remains to me to thank the Committee for its attention, and to again appeal to that indulgence which I earnestly requested when I commenced my very difficult task.
B.—No. 2.
TABLES REFERRED TO IN THE FINANCIAL STATEMENT.
Table A(1) STATEMENT showing the present condition of the Loans of the Colony, both General and Provincial, and also the Amounts that have been raised under "The Consolidated Loan Act, 1867."
17
lONVEBTED. "nconveeted % Loans of the General Government. £ £ Loan of 1856 (Guaranteed) — Amount of Loan, £500,000 Loan oe 1860— Amount of Loan, £150,000 Loan oe 1863— Amount issued at 6 per cent., £1,500,000 Ditto at 5 per cent., £1,000,000 Ditto at 4 per cent., £500,000 (Guaranteed) ... Poetion oe Taeanaki Loan oe 1863 ... Nil. 54,500 911,400 431,800 Nil. 3,150 500,000 95,500 588,600 568,200 500,000 Nil. Provincial Loans. 1,400,850 2,252,300 Loan of Peovince oe Auckland, £500,000 Ditto „ Wellington, £124,900 ... Ditto „ Nelson, £20,000 Ditto „ Canteebuey, £513,400 ... Ditto „ Otago, £650,000 461,250 84,250 2,600 390,900 383,400 38,750 40,650 17,400 122,500 266,600 1,322,400 485,900 Consolidated Loan. GENERAL GOVERNMENT. Issued in place of £1,400,850 Colonial Debentures converted Issued for services specified in Schedule B. to " Public Debts Act, 1867," being balance of £1,114,000, after deducting amounts chargeable to Provinces ... Issued for redemption of Nelson and Wellington Debentures, and for charges of raising new Loan ... ... ... ... Total, General Government ... 1,528,800 308,400 * 90,000 1,927,200 PROVINCIAL GOVERNMENTS. 1,458,200 422,000 Issued in place of £1,322,400 converted as above ... Issued under Schedule B., Public Debts Act, for payment of Southland Debts ... For amounts charged to Provinces of Otago and Southland under Surplus Revenue Adjustment Act For unissued Debentures— Taranaki ... ... ... ... £25,000 Hawke's Bay ... ... ... ... 60,000 Canterbury ... ... ... ... 266,600 32,000 351,600 2,263,800 Total, Provincial 4,191,000 * Out of this, Nelson Debentures, amounting to £27,280, have been paid off or < mounting to £17,550, have to be paid off. These Provinces are therefore charj interest and Sinking Fund. ionverted, and Well jeable with proporl lington Debentures, tionate amounts of
B.—No. 2.
Table A(2) APPROXIMATE STATEMENT of Consolidated Revenue, 1868-9,— with the Month of June compiled from Accounts in the Treasury on the 14th July.
18
FINANCIAL STATEMENT.
PROVINCIAL. TOTALS. ' Auckland. Taeanaki. Wellington. Hawke's Bat. Nelson. j Maelbokough. Canteebuet. Westland. Otago. Southland. I . 1 I ! i I , 1 £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Customs Duties „ Rents, Seizures, &c. „ Bonded Warehouse Duties Stamp Duties Postal „ Telegraphic Supreme Court Sheriff's Offices District Courts Resident Magistrates' Courts Petty Sessions Courts 17 4 10 7 10 6 35 7 10 178,108 10 8 160 14 4 1,181 12 5 11,606 1 3 8,336 6 7 352 17 7 861 18 6 214 17 2 381 10 9 3,083 1 6 24 5 2 5,666 10 9 22 4 5 50 0 0 420 3 1 476 16 0 79,676 12 8 1 10 0 1,004 0 10 6,012 19 9 4,938 11 9 1,644 13 7 527 3 7 166 15 0 148 16 6 2,516 14 5 14 19 10 22,952 17 1 150 0 0 1,585 13 10 1,361 3 2 806 1 9 210 3 10 8 13 0 10 9 0 475 8 10 35 5 1 81,954 14 3 380 0 0 4,006 4 4 2,949 9 8 2,868 17 9 476 14 6 195 18 0 220 15 10 3,778 14 6 4,664 5 7 8 10 4 25 0 0 510 0 3 721 1 10 621 11 7 71 13 0 22 1 4 4 13 0 465 16 5 12 4 0 92,349 19 1 37 10 0 625 0 0 10,709 11 2 8,116 3 10 3,435 12 1 733 19 4 72 10 0 94,276 13 5 40 18 3 434 17 3 4,167 2 8 3,884 19 2 3,002 13 7 282 10 0 70 11 0 329 15 0 4,083 10 9 218,188 17 9 11 0 0 686 8 3 18,984 1 2 12,971 4 2 5,024 0 2 1,386 2 6 494 1 7 141 9 0 5,803 18 1 6 12 0 27,781 16 7 8 10 0 150 0 0 2,033 7 6 1,769 16 2 593 12 2 99 10 0 15 0 805,638 2 8 290 17 4 4,686 18 9 60,042 15 6 45,561 0 2 18,350 0 3 4,693 5 3 1,258 14 8 1,237 9 1 25,957 19 10 93 6 1 43" 10 0 12 2 7 . ... 51 16 8 286 3 3 4,939" 2 11 473 12 6 Fees: — Issue of Crown Grants " Lost Licenses and Leases Act, 1865 " Registration of Land „ Deeds • „ Births, &c. ... „ Joint Stock Companies Under " Arms Act" ,, " Merchant Shipping Act" „ "Patents Act" „ " Land Claims Settlement Act" „ " Lost Land Orders Act" „ "Aliens Act" ... ... ... „ " Licensing Ordinance Amendment Act" „ " Marine Act, 1866 " ,, " Steam Navigation Act " „ " Debtors and Creditors Act" „ " Native Circuit Courts Act" „ " Oyster Fisheries Act" „ " Armed Constabulary Act" ... „ " Purchas and Ninnis's Flax Patent Act " „ "Distillation Act" ... ,, " Weights and Measures Act ... Sinking Funds Release Act Civil List Fund Account Treasury Bills 24" 2 6 46" 0 0 25 0 0 1,084 15 8 67 9 1 3,244 10 0 569 18 0 35 9 0 429 7 0 144 8 0 50 0 0 2" 1 0 85 1 4 300 8 0 32 9 0 12 6 0 15 10 0 10 0 0 125 16 10 1,379 6 0 270 13 6 13 17 0 124 16 0 67 11 0 40 10 0 15 17 0 3 0 0 61 0 0 15 0 0 1,247 8 5 137 11 0 54 6 1 428 4 6 71 17 6 42 1 0 6 8 6 275 10 1 906" 18 0 269 13 0 174 19 0 17 16 0 10 0 0 70 0 8 490" 9 6 64 6 0 47" 17 0 0 5 0 1,148 1 9 5 0 0 2,945 2 0 492 3 0 30 10 0 137 19 0 48 2 0 40 0 0 80 12 6 295 18 0 235 14 6 8 10 0 212 16 0 11 3 0 20 0 0 1,476 5 5 3,459 0 6 828 5 6 4 13 0 126 7 0 107 11 0 20 0 0 207 7 2 743' 8 6 98 18 6 98" 5 0 7 3 0 4,607 17 6 5 0 0 67 9 1 14,193" 5 0 2,958 1 0 105 5 0 1,409 17 0 410 7 6 230 10 0 15 17 0 3 0 0 63 1 0 40 0 0 6,489 11 5 583 16 0 123 11 9 23 19 0 15 12 6 176 13 11 5 0 0 549 0 0 6 18 4 9,991 6 2 8,844 6 10 188,650 0 0 1,348 7 11 160 13 0 79 18 6 23 19 0 710 0 6 48 6 0 51 6 2 1,007 0 4 68 5 0 13 17 2 101 8 2 50 8 0 1,461 5 1 118 13 0 29 16 1 56214 10 176 13 11 6" 10 0 j" 5 0 2" 0 0 i" 5 0 2" 7 6 2" 5 0 34 0 0 3 12 8 8 0 0 0 17 5 73 0 0 0 5 9 23 0 0 71 0 0 15 0 13 0 0 50 0 69 0 0 89 0 0 0 17 6 ... 145 0 0 24 0 0 9,991 6 2 8,844 6 10 188,650 0 0 ... ... Incidental Receipts 20,087 18 10 ! 20 4 9 13 4 60 17 7 1 12 0 4 16 6 0 7 0 8 2 6 4 12 0 97 17 5 20,287 11 11 Totals 227,774 14 2 28,223 5 2 j ! I j 99,328 17 11 7,866 8 8 i 1 _! 127,038 16 2 I ! 271,574 16 2 34,055 11 11 1,227,667 7 6 1211,787 3 5 7,443 5 2 :100,289 18 0 j 111,684 10 9
FINANCIAL STATEMENT,
19
B.—No. 2
Table B(1) COMPARATIVE RETURN of Customs Revenue at the several Ports of New Zealand, for the Financial Years 1867-8 and 1868-9.
Table B(2) RETURN of the Gross Customs Revenue for each Quarter, from September Quarter, 1857, to the Quarter ended 30th June, 1869, inclusive.
Poets. 1867-8. 1868-9. Inceease. Decrease. Auckland Russell Mongonui Hokianga Kaipara New Plymouth Wanganui Wellington Napier Wairau Picton Havelock Kaikoura Nelson Westport Brighton G-reymouth Hokitika Okarita Byttelton and Christchurch ... Akaroa Timaru Oamaru Dunedin Molyneux Invercargill Bluff Harbour... Riverton Chatham Islands £ s. d. 111,574 3 0 1,253 9 7 674 9 6 1,479 18 10 Nil. 7,211 1 7 21,076 4 5 66,444 6 10 22,711 6 9 4,509 16 4 1,104 15 0 434 0 11 Nil. 35,875 13 8 29,337 18 11 744 13 1 43,610 6 1 101,882 6 1 1,876 9 3 85,399 19 7 1,615 16 0 11,243 7 8 10,252 18 4 202,368 0 6 475 11 11 25,127 4 10 381 12 2 4,677 17 1 51 9 4 £ a. A. 175,367 19 3 1,519 11 6 678 8 6 1,260 5 6 Nil. 5,666 11 2 19,383 6 0 60,396 15 8 22,988 12 1 3,612 13 3 842 8 0 182 5 10 165 7 11 30,897 6 1 26,667 18 9 £ a. A. 63,703 16 3 266 1 11 3 19 0 £ s. d. 219"13 4 1,544 10 5 1,692 18 5 6,047 11 2 27. 5 4 897 3 1 262 7 0 251 15 1 165" 7 11 4,978 7 7 2,670 0 2 744 13 1 3 2 6 31,334 9 3 43,607 3 7 70,547 16 10 1,918 13 10 81,877 5 4 980 11 0 9,590 14 9 8,786 19 10 209,473 1 9 42" 4 7 3,522 14 3 635 5 0 1,652 12 11 1,465 18 6 7,105 1 3 22,596 10 2 762 1 7 4,333 8 10 100 8 4 475"ll 11 2,530 14 8 38C-" 9 5 48 19 0 344 8 3 Totals 793,394 17 3 804,204 5 4 72,083 4 8 61,273 16 7 Total Increase £10,663 5 1
Financial Yeae 1857-8. September Quarter ... ... £31,251 December „ ... ... 34,730 March „ ... ... 31,126 June „ ... ... 41,891 Financial Yeae 1863-4. September Quarter ... ... £145,594 December „ ... ... 171,001 March „ ... ... 147,778 June „ ... ... 152,629 £138,998 £617,002 Financial Yeae 1858-9. September Quarter ... ... £40,420 December „ ... ... 38,199 March „ ... ... 41,884 June „ ... ... 40,333 Financial Yeae 1864-5. September Quarter ... ... £140,872 December „ ... ... 150,995 March „ ... ... 167,690 June „ ... ... 183,740 £160,836 £643,297 Financial Yeae 1859-60. September Quarter ... ... £41,491 December „ ... ... 44,607 March „ ... ... 46,298 June „ 45,721 Financial Yeae 1865-6. September Quarter ... ... £180,160") December „ ... ... 198,418 ' „ 7qfi „ March „ ... ... 208,794 ( *' Jb >^7 June „ ... ... 208,855 J £178,117 Financial Yeae 1860-1. September Quarter ... ... £45,790 December „ ... ... 51,359 March „ ... ... 52,236 June „ 55,227 Financial Yeae 1866-7. September Quarter ... ... £199,452") December „ 227,253 £„ March „ 220,183 C i804 ' 668 June „ ... ... 217,780.) £204,612 Financial Yeae 1861-2. September Quarter ... ... £66,935") December „ ... ... 86,466 ( n QQQ „o_ March „ 98,050 C * d3a > 3a3 June „ ... ... 87,942; Financial Yeae 1867-8. September Quarter ... ... £196,916 December „ ... ... 209,118 March „ ... ... 194,618 June „ ... ... 192,742 £793,394 Financial Yeab 1862-3. September Quarter ... ... £94,754") December „ ... ... 118,526 f o, m KOO March „ 127,465 ( * 488 ' 522 June „ 147,777; Financial Yeae 1868-9. September Quarter ... ... £191,607 December „ ... ... 209,862 March „ ... ... 189,590 June „ ... ... 213,145 £804,204
s.—No. 2
FINANCIAL STATEMENT.
20
Table B(3) RETURN of the Value of Imports and Exports, for each Port of New Zealand, for the Three Quarters ending 31st March, 1869.
Table B(4) RETURN of the Value of Imports and Exports, for each Province, for the Three Quarters ending 31st March, 1869.
Poets. Value oe Impoets. Value oe Expoets. Auckland Russell Mangonui Hokianga Kaipara New Plymouth ... Wanganui Wellington Napier Wairau Picton ... Havelock Nelson Westport Greymouth Hokitika Okarita Lyttelton and Christchurch. Akaroa Timaru Oamaru Dunedin Invercargill Bluff Harbour Riverton Chatham Islands ... £ 897,961 791 1,265 621 £ 445,633 452 2,095 9,680 1,950 10,425 36,179 400,538 57,690 7,922 629 20 213,808 80,333 150,625 238,750 3,860 452,578 1,419 16,537 13,271 1,255,103 85,230 12,047 4,756 12 158,206 21,792 36,320 1,076 54 46,506 345,209 323,029 441,963 14,273 359,892 24,384 8,279 887,961 82,254 5,545 2 3,942,370 3,216,555
Peovinces. Value of Impoek. Value of Expoets. Auckland Taranaki Wellington Hawke's Bay Marlborough Nelson Canterbury Otago Southland Chatham Islands £ 900,638 10,425 436,717 57,690 8,571 294,141 863,769 1,268,374 102,033 12 £ 459,810 nil. 158,206 21,792 37,450 391,715 1,163,541 896,240 87,799 2 £3,942,370 £3,216,555
B.—No. X
Table B(5) STATEMENT the Revenue received from Stamp Duties during the Financial Year 1868-9.
G
21
FINANCIAL STATEMENT
Adhesive. Impeessed. Under Schedule I. Under Schedule II. Under Schedule III. Bank Composition. Fees, Fines, and Penalties. Commission refunded. Totals. Under Schedule IV. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Geneeal — Chatham Islands 0 14 9 6 15 9 7 10 6 Peovincial — Auckland 2,093 3 3 7,174 9 3 571 10 0 58 0 6 65 10 0 1,416 5 6 226 18 8 11,605 17 2 Taranaki 59 9 1 160 16 1 26 10 0 1 8 11 7 10 1 158 18 11 5 5 6 0 4 6 420 3 1 Wellington 759 1 8 3,420 13 8 355 13 3 175 14 0 73 14 1 1,053 19 11 173 3 2 6,011 19 9 Hawke's Bay 126 2 11 1,025 10 3 153 0 0 253 5 10 27 12 6 0 2 4 1,585 13 10 Nelson ... 230 3 0 2,466 14 0 132 10 0 0 19 5 10 0 1,161 8 5 13 9 6 4,006 4 4 Marlborough 24 15 7 319 10 9 3 0 0 153 12 11 9 10 510 0 3 Canterbury 874 7 1 7,066 0 5 748 0 0 40 6 4 99 13 6 1,697 12 7 183 8 4 0 2 11 10,709 11 2 Westland 379 17 6 2,384 6 11 121 10 0 17 19 1 1,211 18 4 51 9 0 0 10 4,167 1 10 Otago 1,327 10 1 11,969 11 2 882 10 0 396 19 7 24 6 7 4,270 8 2 115 4 9 0 14 18,986 11 8 Southland 133 4 6 1,198 3 10 68 0 0 11 9 0 1 18 5 603 10 9 17 1 0 2,033 7 6 Total 6,008 9 5 37,192 12 1 3,062 3 3 702 16 10 273 12 8 11,981 1 4 822 13 5 0 12 1 60,044 1 1
B.—No. 2.
Table C(1) RETURN of the Quantity and Value of Gold Exported from the various Ports and Provinces of New Zealand, during the Four Quarters of the Financial Year 1868-9, as compared with the Corresponding Quarters of the previous Year.
22
FINANCIAL STATEMENT.
Financial Yeae ended 30th June, 1869. Financial Yeae ended 30th June, 1868. Total Exported foe Total Exported eob Financial Yeae 1867-8. Expobting Poets. Produce op the Province of Quarters ended Quarters ended Auckland 30 Sept. Oz. 13,563 31 Dec. Oz. 22,256 31 March. Oz. 41,674 30 June. Oz. 13,407 30 Sept. Oz. 746 31 Dee. Oz. 4,446 31 March. Oz. 8,405 30 June. Oz. 9,387 Quantities. Oz. 90,900 Value. 286,335 Quantities. Oz. 22,984 £ 73,966 Value. Auckland Havelock Picton Nelson Marlborough ... Ditto Ditto 14 "l52 26 257 13 "401 3 166 664 700 2,800 Nelson Westport Brighton Greymouth ... Nelson Ditto Ditto Ditto 2,160 34,282 2,724 26,381 3,014 23,209 2,122 24,100 1,869 30,102 17,365 19,091 2,662 30,326 10,219 19,074 2,120 29,823 7,905 11,671 2,595 36,890 180,924 723,696 241,031 964,124 13,855 18,570 19J035 11,472 12,884 Greymouth ... Hokitika Okarita Lyttelton Westland Ditto Ditto Ditto 10,346 37,942 1,172 8,115 38,183 1,315 9,991 32,169 1,078 20 9,061 34,273 983 11,796 57,034 2,370 12,349 62,087 1,609 10,397 40,352 2,526 3 11,438 40,482 184,648 738,592 253,690 1,014,760 38 Greymouth ... Dunedin Otago Ditto 37,662 45J470 35,899 36 j041 32 j778 3 36,810 155,072 620,288 149,545 598,180 Dunedin Invercargill ... Bluff Harbour Southland Ditto Ditto 1J239 i','760 12 9 i'io79 2,'727 2,427 2,739 2,'810 4,099 16,396 10,703 42,812 Totals ... 152,221 164,786 166,264 132,538 176,161 ! 182,025 160,295 160,172 615,809 2,385,971 678,653 2,696,642
FINANCIAL STATEMENT
B.—No. 2.
23
Table C(2) RETURN showing the Amount and Value of Gold Exported during the Financial Years from 1856-7 to 1868-9.
Table D. RETURN showing the Value of New Zealand Flax Exported during the under-mentioned periods:—
is; i6-7. 1857-8. 181 18-9. 185! 1-60. 1860-1. 181 11-2. 181 >2-3. Oz. Value. Oz. Value. Oz. Value. Oz. Value. Oz. Value. Oz. Value. Oz. Value. £ £ £ £ £ £ £ Auckland 4,337 13,68! Nelson 8,873 34,38! Otago rS > 43 O '(/J t3 53 > ' in > 491,686 1,905,28 Marlborough ... Canterbury 4a o m 43 O m 1*3 o m 43 O 42 O m Westland Southland Totals 976 17,220 9,482 36,747 6,147 3,784 i,730 1,818 6,3 Ill 24,568 449,271 1,740,956 504,896 1,953,35181 13-14-5. 181 15-6. 18i 16-7. 18i !7-8. 18i 18-9. Oz. Value. Oz. Value. Oz. Value. Oz. Value. Oz. Value. Oz. Value. £ £ £ £ £ Auckland. 3,910 11,878 3,853 11,627 5,410 16,197 4,368 8,847 22,984 73,966 90,900 286,335 kelson 10,772 41,745 27,720 107,491 135,275 524,199 168,044 651,173 241,031 964,124 180,924 723,696 )tago 537,817 2,084,039 309,576 1,199,610 203,850 789,919 154,973 600,521 149,545 598,180 155,072 620,288 Marlboro' 7,205 27,919 22,424 85,878 2,418 9,373 532 2,061 700 2,800 166 664 Janterb'ry 23 91 57,025 226,573 390,238 1,512,093 337,837 1,309,120 147,248 588,992 Vestland 106,442 425,768 184,648 738,592 iouthland 1,625 6,297 8,791 34,067 10,703 42,812 4,099 16,396 Totals . 559,727 2,165,672 420,598 1,631,179 738,816 2,858,078 674,545 ; 2,605,789 678,653, ,2,696,642 615,80! 2,385,971 OTATj .MOUNT OF GrOLD ExPi alue oe Gold Expoi )ETED, ... 4,68: ... £18,191 1,489 0 1,288. TfCES. 'OTAi 1TED,
Peovinces. 1866. 1867. 1868. Quarter ending 31st March, 1869. Auckland Wellington Nelson Canterbury Otago Southland £ 949 £ 3,575 £ 5,664 75 £ 5,480 50 36 10 1 70 287 324 487 1,585 326 1,640 444 996 4,256 8,137 7,614
8.-Ho. 2
24
•FINANCIAL STATEMENT.
Table E. Statement showing Approximately the Sums Appropriated for the Year ended 30th June, 1869; the Expenditure, including Advances; and the Saving or Excess.
Appropriations plus Credits. Gross Expenditure including Advances unaccounted for. Savings. Excess. Consolidated Fund. £ s. d. £ s. d. £ s. d. £ s. d. CIVIL LIST 27,503 0 0 27,300 19 4 202 0 8 PERMANENT CHARGES. Interest and Sinking Fund Civil List Fund Account Under Acts of General Assembly— General Provincial 241,992 2 4 8,844 6 10 616,973 19 1 6,735 12 0 2,108" 14 10 374,981 16 9 78,605 4 2 66,175 8 11 3,314 0 6 12,429 15 3 3,314" 0 6 Total Permanent Charges 329,441 13 4 693,199 0 6 14,538 10 1 378,295 17 3 APPROPRIATIONS. Class I. Vote 1, Public Domains and Buildings 2,920 6 6 5,113 10 8 2,193 4 2 Class II. Vote 2, Governor's Establishment „ 3, Legislative ,, 4, Executive ,, 5, Stamp Department, General ,, 6, Printing Office... „ 7, Geological Survey District Registrars of Births, &c. Do. Joint Stock Companies „ 8, Treasury, Provincial ,, 9, Stamp Department, ditto ,, 10, Electoral 1,600 0 0 12,444 19 7 8,058 1 0 584 12 0 5,787 3 10 2,457 10 6 1,400 11 2 14,315 15 0 8,233 0 10 579 9 4 7,160 16 1 2,137 0 7 199 8 10 5" 2 8 320" 9 11 1,870 "l 5 5 174 19 10 1,373 12 3 2,691 12 10 84 7 8 2,264 16 8 1,481 17 5 3,255 8 7 2,691 12 10 84 7 8 2,455 0 0 1,870 0 0 3,562 17 6 190 3 4 388 2 7 307 8 11 Class III. Vote 11, Law and Justice, General „ 12, Ditto, Provincial 3,449 2 6 54,494 9 2 3,033 5 4 54,854 18 7 415 17 2 360 9 5 Class IV. 25,715 9- 3 24,692 7 8 1,023 1 7 V ° te i?'] Postal, General ,, 15, ,, Auckland „ 16, „ Taranaki „ 17, ,, Hawke's Bay ... „ 18, „ Wellington „ 19, „ Nelson ,, 20, ,, Marlborough „ 21, „ Canterbury „ 22, „ Westland „ 23, „ Otago „ 24, „ Southland „ 25, Telegraph, General „ 26, ,, Provincial ... ,, 27, Marine Engineer's Department 6,402 0 0 620 0 0 1,869 0 0 4,495 1 11 4,260 16 6 1,528 0 0 10,788 5 7 6,178 0 0 21,040 0 0 2,305 0 0 4,243 18 8 21,331 10 11 7,349 19 4 518 1 11 1,474 5 6 4,329 13 8 3,972 5 1 1,754 3 7 10,550 2 3 5,568 15 5 19,486 18 7 1,712 0 8 4,271 19 1 19,606 6 11 101 18 1 394 14 6 165 8 3 288 11 5 238 3 4 609 4 7 1,553 1 5 592 19 4 947 19 4 226 3 7 28 0 5 l,72o" 4 0 7,995 15 1 5,690 19 2 2,304 15 11 Class V. Vote 28, Customs, General „ 29, „ Auckland ,, 30, ,, Taranaki ,, 31, „ Hawke's Bay ... „ 32, „ Wellington „ 33, „ Nelson „ 34, „ Marlborough ... „ 35, „ Canterbury „ 36, „ Westland „ 37, „ Otago ,, 38, „ Southland „ 39, Distillation ... 3,222 15 0 8,170 4 9 490 0 0 1,225 0 0 4,378 2 6 3,699 0 0 640 0 0 4,798 0 6 5,071 0 0 6,923 0 0 2,200 0 0 1,537 10 8 1,578 18 7 7,721 18 8 502 6 10 1,210 0 6 4,246 4 1 3,817 0 7 719 9 7 4,203 10 5 4,439 17 2 5,254 14 2 1,923 6 2 1,643 16 5 448 6 1 14 "l9 6 131 18 5 12 6 10 118 0 7 79 9 7 594 10 1 631 2 10 1,668 5 10 276 13 10 1,537 10 8 Class VI. 12,902 9 10 13,940 18 10 1,038 9 0 Vote f?>! Native, General ,, 42, Native Lands Court Survey „ 43, Remission of Duty 5,000 0 0 80 0 0 9,913 8 11 80 0 0 4,913 8 11 Class VII. Vote 44, Miscellaneous ... „ 45, Treasury Bills „ 46, Bank Commission „ 47, Advances to Native Lands Courts 32,827 5 1 150,000 0 0 3,500 0 0 28,927 14 2 150,000 0 0 4,885 5 0 3,899 10 11 1,385" 5 0 6,000 0 0 6,823 2 7 823 2 7 Carried forward 471,121 8 10 467,772 5 10 21,670 10 5 18,321 7 5
FINANCIAL STATEMENT.
25
B.—No. 2,
Table E. — continued. STATEMENT showing Approximately the Sums Appropriated for the Year ended 30th June, 1869; the Expenditure, including Advances; and the Saving or Excess — continued.
7
Appropriations phis Credits. Gross Expenditure including Advances unaccounted for. Savings. Excess. Brought forward £ s. d. 471,121 8 10 £ s. d. 467,772 5 10 £ s. d. 21,670 10 5 £ s. d. 18,321 7 5 Class VIII. fote Militia, Volunteers, " -„' >• Armed Constabulary, " r ,'\ and Contingent Defence „ 52, Militia and Volunteers, Provincial „ 55, New Government House [ 141,424 5 2* 213,243 17 9 71,819 12 7 14,031 7 1 15,003 15 0 10,235 5 4 2,268 5 1 3,796 1 9 12,735 9 11 Total Appropriations 641,580 16 1 693,519 14 0 38,202 2 1 90,141 0 0 Supplementary Expenditure tefunds of Revenue 17,738 6 6 4,501 3 9 17,738 6 6 Totals 641,580 16 1 715,759 4 3 38,202 2 1 107,879 6 6 RECAPITULATION. DivilList 'ermanent Charges Impropriations £ s. d. 27,503 0 0 329,441 13 4 641,580 16 1 £ s. d. 27,300 19 4 693,199 0 6 693,519 14 0 £ s. d. 202 0 8 £ s. d. 363,757 7 2 51,938 17 11 Total ... £ 998,525 9 5 1,414,019 13 10 202 0 8 415,696 5 1 lupplementary 17,738 6 6 17,738 6 6 Total ... £ 998,525 9 5 1,431,758 0 4 433,434 11 7 202 0 8 lefunds of Revenue 4,501 3 9 Total ... £ 998,525 9 5 1,436,259 4 1 433,232 10 11 * Exclusive of £40,000, Order in G luncil under section 2 of Provincial Reveni les Act, for Supplemi intary Expenditure.
B.—No. 2
FINANCIAL STATEMENT.
26
Table F(1) STATEMENT showing Approximately the Appropriations plus Credits, and Expenditure, of the Year 1868-9.
Table F(2) STATEMENT showing Approximately the Expenditure and Advances on account of Special, Land, and Trust Funds, to 30th June, 1869.
Expendituee. Appeopeiations, plus Ceedits. Finally Charged. Advances on 30th June, unaccounted for. Total. Consolidated Fund. £ s. d. £ s. d. £ s. d. £ s. d. UIVIL LIST 27,503 0 0 27,300 19 4 27,300 19 4 PERMANENT CHARGES. Jivil List Fund Account ... .nterest and Sinking Fund Under Acts of General Assembly : General... Provincial 8,844 6 10 241,992 2 4 6,735 12 0 424,383 13 10 192,590 5 3 6,735 12 0 616,973 19 1 78,605 4 2 66,175 8 11 3,314 0 6 69,489" 9 5 APPROPRIATIONS. Dlass I. ... „ II „ III „ IV V „ VI „ VII „VIII 2,920 6 6 38,820 4 5 57,943 11 8 118,772 17 11 42,354 13 5 17,982 9 10 192,327 5 1 * 155,455 12 3 5,113 10 8 43,602 14 6 57,854 17 3 110,738 5 6 35,599 10 1 16,533 8 3 189,904 10 6 190,565 12 3 2 18 33 6 8 239 13 4 17 16 8 7,400 19 6 731 11 3 32,913 10 10 5,113 10 8 43,604 16 2 57,888 3 11 110,977 18 10 35,617 6 9 23,934 7 9 190,636 1 9 223,479 3 1 55 —New Government House 983,521 14 5 15,003 15 0 1,177,822 3 7 2,268 5 1 233,929 5 2 1,411,751 8 9 2,268 5 1 Dotal —Civil List, Permanent | Charges and Appropriations j Supplementary Expenditure 998,525 9 5 1,180,090 8 8 233,929 5 2 7,594 8 6 1,414,019 13 10 17,738 6 6 10,143 18 0 Refunds of Revenue 998,525 9 5 1,190,234 6 8 4,501 3 9 241,523 13 8 1,431,758 0 4 4,501 3 9 Total 998,525 9 5 1,194,735 10 5 241,523 13 8 1,436,259 4 1 * Exclusive of si leeial order for £40,000.
Expenditure Finally Chakged. Advances on 30tii June, Unaccounted eoe. Total. Special Fund. £ s. d. £ s. d. £ s. d. Gold Fields Act Gold Duty Act Loan Act, 1856 Loan Act, 1860 Loan Act, 1863 Loan Act, 1863—Charges Account Debentures Act, 1864 Debentures Act Amendment Act, 1865 ... New Zealand Settlements Act Public Debts Act—Charges Account Public Debts Act (transferred to Consolidated Loan Act, £240,035 10s.) Consolidated Loan Act —Charges Account Consolidated Loan Act Consolidated Loan Act —Provincial Charges Account ... Otago Gold Fields Judicial Officers Act ... 14,669 9- 8 23,855 8 2 64 0 0 54,500 0 0 1,343,200 0 0 115,451 13 3 830 0 0 48,527 15 11 25,429 11 4 115,033 19 8 8,916 18 1 14,669 9 8 23,855 8 2 64 0 0 54,500 0 0 1,343,200 0 0 124,368 11 4 830 0 0 48,527 15 11 27,403 18 5 118,827 1 6 1,974 7 1 3,793 1 10 156,221 12 3 460,004 8 2 2,260,004 13 5 1,285 9 8 156,221 12 3 460,004 8 2 2,260,004 13 5 1,285 9 8 4,619,078 1 6 14,684 7 0 4,633,762 8 6 Land Fund 305,681 14 0 3,991 7 2 309,673 1 2 Trust Fund 282,002 3 4 144 9 3 282,146 12 7
B.— No. 2.
Table G. YEAR 1868-9.—Approximate Statement of Expenditure, including Advances, on 30th June, unaccounted for.
27
FINANCIAL STATEMENT.
PROVINCIAL. GENERAL. Auckland. Taeanaki. Wellington. Hawke's Bavj Nelson. Maelboeo'. Canteebuet. Westland. Otago. Southland. TOTALS. I.-CONSOLIDATED FUND. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. EXPENDITURE. Civil List ... Permanent Charges :— Civil List Fund Account Interest and Sinking Fund ... Under Acts of General Assembly " Provincial Audit Act " ... " Customs Regulation Act" " Justices of the Peace Act" " Debtors and Creditors Act" " Distillation Prohibition Act" " Weights and Measures Act" "Armed Constabulary Act" Appropriations: — Public Domains and Buildings Public Departments :— Governor's Establishment ... Legislative Executive Provincial: — Treasury Departments ... District Registrars of Births, &c. ... Registrars of Joint Stock Companies Stamp Office Printing Office Geological Survey Electoral Law and Justice :— General Charges ... Provincial Charges, — Supreme Courts and Sheriffs' Offices District and Resident Magistrates' Courts Criminal Prosecutions, Coroners, &c. Registry of Land and Deeds Postal Telegraph Department Marine Engineer's Department Customs ... Native Department... Miscellaneous Bank Commission Militia, Volunteers, and Armed Constabulary New Government House Treasury Bills Refunds of Revenue Supplementary 27,300 19 4 27,300 19 4 6,735 12 0 616,973 19 1 66,175 8 11 6,735 12 0 616,973 19 1 66,175 8 11 2,259 3 10 483 12 10 449 1 5 2 5 1 104 11 7 0 5 9 15 0 0 350 0 0 316 12 10 22 16 6 0 9 1 14 18 3 56 0 0 250 0 0 130 0 0 110 137 10 0 25 0 0 8 2 0 250 0 0 i" 0 0 50 0 0 500" 0 0 214 6 12" 0 0 14 16 0 465 0 0 39716 5 1 16 0 200 13 10 015 0 o" 5 9 23 0 0 66 13 4 15 0 0 5,113 10 8 5,113 10 8 1,400 11 2 14,315 15 0 8,233 0 10 ... 1,400 11 2 14,315 15 0 8,233 0 10 464 0 4 557 18 10 25 0 0 32 9 0 12 6 0 80 16 8 225 0 0 199 8 0 13 17 0 235 2 7 75 0 0 74 17 2 100 0 0 265 18 8 30 0 0 64 6 0 590 5 3 402 18 4 43 0 0 243 3 4 275 0 0 186 19 10 8 10 0 139 14 8 400 0 0 797 18 6 4 13 0 256 17 9 83 11 1 108 18 6 2,264 16 8 2,691 12 10 82 6 0 2,0C1 6 9 7,160 16 1 2,137 0 7 3,257 10 3 579 9 4 7,160 16 1 2,137 0 7 275 4 11 125"'5 0 3l" 15 0 25"2 6 68 15 0 740 6 2 57 12 6 322" 7 7 13315 3 32o" 8 1 79 "l7 11 437' 2 7 195" 19 10 77l" 5 0 198" 15 4 2,643 5 4 2,643 5 4 1,500 6 3 113 11 0 862 17 7 183 0 0 316 4 10 81 11 3 1,385 6 0 496 5 5 1,658 18 5 129 5 0 6,727 5 9 390 0 0 24,703 5 0 4,346 19 5 5,690 19 2 1,596 15 3 21,341 18 4 29,437 18 11 4,153 13 9 5,368 0 1 1,823 14 7 1,933 18 11 7,349 19 4 2,768 13 7 313 12 0 85 9 0 338 6 1 518 1 11 3,288 4 7 883 11 4 959 1 8 4,360 11 0 2,260 3 3 1,056 12 4 250 5 8 354 0 0 1,474 5 6 976 9 7 3,323 2 7 506 18 4 646 13 4 4,011 3 5 2,039 19 10 i 666 12 4 45 0 0 I 379 11 10 1,514 10 3 1,867 18 4 3,710 17 1 1,398 7 9 1,521 6 3 10,550 2 3 5,257 13 0 2,644 12 6 1,496 11 10 381 13 4 5,568 15 5 978 3 5 1 9,204 18 10 : 2,233 0 5 1,730 19 5 : 19,486 18 7 ! 2,761 12 2 662 6 8 477 15 0 412 9 1 1,712 0 8 779 13 9 30,238 19 0 9,200 13 11 9,077 19 11 81,249 13 4 24,037 6 4 5,690 19 2 35,617 6 9 23,934 7 9 36,482 8 0 4,153 13 9 7,721 18 8 2,589 5 5 5,443 12 7 502" 6 10 416 0 4,246 4 1 3 4 0 1,441 11 0 1,210"0 6 3,799 3 11 719'"9 7 4,203 10 5 4,439 17 2 5,254 14 2 1,923" 6 2 82 ' 4 0 2" 8 0 17 4 6 52 13 0 213,243 17 9 2,268 5 1 150,000 0 0 1,406 15 2 17,738 6 6 1,675 7 5 509 2 6 2,607 17 2 738 12 10 1,129 7 1 9 0 0 997 0 11 44S 1 8 1,698 0 3 422 15 6 *223,479 3 1 2,268 5 1 150,000 0 0 4,507 3 9 17,738 6 6 ... 265" 4 8 25"l6 8 293" 14 3 82 "l8 4 186 9 10 4'"7 4 1,72816 6 219" 14 6 220" 19 8 66" 6 10 ... Payments to Provincial Account 41,197 8 5 |2,675 6 2 18,586 9 4 379 15 9 22,584 1 10 21,150 3 3 6,987 18 2 1,935 5 10 16,953 12 11 20,481 14 0 5,537 7 4 88 13 3 33,056 2 0 3,553 10 8 17,506 15 7 25,496 13 2 47,398 1 7 55,219 16 10 7,274 7 5 5,572 4 5 1,436,259 4 1 152,464 6 6 ... 1 8,923 4 0 37,435 6 11 5,626 0 7 102,617 18 5 Totals 1,235,088 2 8 59,783 17 9 3,055 1 11 I 43,734 5 1 36,609 12 8 43,033 8 9 12,846 11 10 11,588,723 10 7 * Exclusive of £61,205 Os. lOd. under Public Debts Act, Schedule B.
B.—No. 2
28
FINANCIAL STATEMENT.
H. Memorandum by the Accountant to the Tbeasubx relative to the difficulty of determining with accuracy how much of the Sum charged as Expenditure against any Vote was actually disbursed from the Treasury during the Tear. The system of payments by the issue of advances is one which presents almost insuperable obstacles to an exact statement of the year's expenditure. Under that system the sum charged as expenditure is simply that which is brought to account during the year; and it is impossible to determine, without such a critical examination of each account as would occupy a very long time, what portion of the expenditure finally charged in any year is made out of moneys issued during that period. The disbursements made by the regular Paymasters of the Treasury are subject only in a trifling degree to this disparity between issues and payments, the accounts of those officers being generally rendered with promptitude, and their balances repaid at the end of the year. The statement applies, however, to the majority of the Sub-paymasters, i.e., officers to whom advances are made on Ministerial authority for payments not specifically authorized beforehand, and with even greater force to the accounts of Foreign Agents. The transactions of the Crown Agents are a notable example of the evils of the system. At the close of the Financial Tear 1867-8, the balance in the hands of those officers amounted to £150,958 4s. 3d., the Public Accounts of the year 1867-8 including their transactions to the 31st December, 1867, only. And as " The Public Revenues Act" requires that all expenditure by Foreign Agents shall be deemed to be expenditure of the day on which their accounts are received in the Colony, the Public Accounts of the present year should, according to law, embrace the accounts of the Crown Agents for the March, June, September, and December Quarters of 1868 only —the account for March Quarter, 1869, not having been received till the 16th of July; and thus the sum now charged for interest and sinking fund would, as respects the accounts of the Crown Agents alone, have been less than it now appears by £279,446 14s. 6d. I subjoin an analysis of the sum of £616,973 19s. Id., showing the operation of the Advance system on this particular item ; and though the other items in the Annual Expenditure are individually of smaller amount, they are almost all subject to the disparities referred to, and would be in most cases infinitely more difficult to analyze, because they are derived frem the accounts of Paymasters and Sub-paymasters, making payments for various services out of the same balance; whilst the transactions of the Crown Agents are almost exclusively confined to the item selected for analysis — the payment of interest and sinking fund. C. T. Batkin, Treasury, Wellington, Accountant to the Treasury. 27th July, 1869.
ANALYSIS of the Sum of £616,973 19s. 1d. charged as Interest and Sinking Fund in the Approximate Statement of Expenditure of the Year 1868-9.
Inteeest and Si: :i:ing Fund Paid. By whom Paid. Balances of Advances outstanding on 30th June, 1869. Out of Advances made prior to 30th June, 1868. Out of Advances made this year, and accounted for. Total. £ s. d. £ s. d. £ s. d. £ s. d. Crown Agents, London 156,958 4 3 214,607 19 11 179,283 15 4 550,849 19 6 Union Bank of Australia, London 2,871 0 0 4,494 0 0 7,365 0 0 Bank of New Zealand, ,, 20,065 4 11 808 9 11 20,873 14 10 Lords of Her Majesty's Treasury, London 5,750 0 0 5,750 0 0 W. Fitzherbert, Esq., London ... 20,714 6 3 20,714 6 3 Oriental Bank, Sydney 80 0 0 2,094 0 0 2,174 0 0 ,, Melbourne 160 0 0 160 0 0 Paymasters in the Colony 9,086 18 6 9,086 18 6 179,974 9 2 244,409 4 8 192,590 5 3 616,973 19 1
FINANCIAL STATEMENT.
29
B.—No. 2,
Table I. APPROXIMATE STATEMENT of Amount Expended for Defence Purposes during the Year 1868-9.
Table K. STATEMENT of Unauthorized Expenditure from 1st July, 1868, to 30th June, 1869.
8
Charged on Votes 48 to 51 Charged under Public Debts Act, Schedule B. £ • 223,479 61,205 s. d. 3 1 0 10 £ s. d. Less expenditure out of Advances of 18G7-8 284,6,84 3 11 18,292 10 2 266,391 13 9 Amount Appropriated under Votes 48 to 51 Public Debts Act— Balance unexpended ... £59,953 17 10 Add Eecoveries —say ... 2,500 0 0 154,820 8 7 62,453 17 10 Less provision for expenditure out of old Advances 217,274 6 18,292 10 5 2 198,981 16 3 Amount authorized by Order in Council 67,409 17 40,000 0 6 0 Excess 27,409 17 6
£ s. d. £ s. d. Provincial Treasurer, Wellington —Eefund of amount of purchase of Parakino Block ... E. Christie and E. Shields, compensation for being dispossessed of land, Otago Amount at debit of Gold Fields, Auckland —Expenditure in excess of Eevenue Amount looted by Hauhaus at Chatham Islands Commission of Inquiry into case of Walter Tricker Bank of New Zealand—Interest on temporary advances, 30th September, 1868, to 1st May, 1869 ... Bank of New Zealand —Interest on £15,000, 15 days, 6 per cent., advanced to retire debentures due 31st December, 1868 .. 1,000 0 0 66 13 4 960 11 10 156 10 6 222 11 0 1,079 10 7 36 19 9 1,116 10 4 Provincial Government, Wellington—Amount of award, survey of Native lands to December, 1868 E. Pharazyn —Fee as referee 1,482 0 10 10 0 0 1,492 10 0 219 19 6 Public Trusts Estate Commission... Hart and Buckley —Costs in case Veal v. Brown, estate of Emma West Native Secretary's Department.—Balance written off — Loans, &c, to Natives, from 1856 to 1867 Amount advanced to W. Colenso on account of English and Maori Dictionary, years 1864-5, now finally charged... Amount to debit of Native Lands Court Account to 30th June, 1867 Provincial Government, Southland—Part of expenses of " Amherst," Auckland Islands 9 0 10 4,503 15 2 230 0 0 7,594 8 0 165 15 6 17,738 6 6
B.—No. 2
30
FINANCIAL STATEMENT.
Table L. STATEMENT in explanation of the Sums Payable and Paid to the Provinces on Account of Consolidated Revenue during the Year ended the 30th day of June, 1869.
Table M. APPROXIMATE STATEMENT showing the Sums charged against the sum of £1,114,000, authorized to be raised under "The Public Debts Act, 1867," Schedule B.
£ s. d. Amount payable to Provinces ... ... ... ... ... ... 157,863 13 4 Less balances at debit of Provinces on 30th June, 1868 ... ... ... 5,598 13 3 £152,265 0 1 Plus Excess of Charges over Revenue, Province of Hawkc's Bay, June, 1869 ... 199 6 5 £152,464 6 6
Provinces. Moiety of Receipts into Consolidated Eund from 1st July, 1868, to 31st May, 1869. Transfers to Consolidated Fund from 1st July, 1868, to 30th June, 1869. Payments on account of Services Provincially charged from 1st July, 1868, to 31st May, 1869. The twelfth, part of Interest and Sinking Fund, on portion of Loans charged against Provinces, from 1st July, 1863, to 31st May, 1869. Payable to Provinces for Appropriation (Columns 1 and 2, less Columns 3 and 4). Paid to Provinces from 1st July, 1868, to 30th June, 1869. Auckland Taranaki Wellington Hawke's Bay Nelson Marlborough Canterbury Westland Otago Southland £ s. d. 94,540 16 6 3,381 0 3 45,841 19 10 12,727 14 9 44,930 12 4 3,583 15 8 56,971 2 7 51,184 17 3 123,730 6 1 16,028 14 2 £ s. d. 2,862 13 11 495 7 4 299' 1 5 1,619 3 11 1,368 18 4 £ S. d. 35,438 15 5 2,400 18 11 20,284 6 0 6,196 14 9 15,252 13 6 4,934 14 7 30,297 2 8 15,910 10 0 45,000 17 1 6,843 9 5 £ s. d. 36,630 14 4 1,250 0 0 5,394 18 0 4,485 0 0 3,142 10 8 £ s. d. 25,334 0 8 225 8 8 20,162 15 10 2,345 1 5 26,535 8 2 268 5 0 2,727 14 3 22,800 11 1 52,246 3 10 5,218 4 5 £ s. d. 18,586 9 4 379 15 9 21,150 3 3 1,935 5 10 20,481 14 0 88 13 3 3,553 10 8 25,496 13 2 55,219 16 10 5,572 4 5 25,315 4 0 12,473 16 2 26,483 5 2 11,605 7 1 7,638' 0 9 452,920 19 5 14,283 11 8 182,560 2 4 126,780 15 5 157,863 13 4 152,464 6 6
1. For payments to bo made under " The Southland Provincial Debt Act, 1865," and "The Southland Provincial Debt Act, 1866," any sum not exceeding £380,000 :— Redemption of Certificates Interest thereon Proportion of Charges raising Loan £ s. d. £ s. d. 286,550 1 0 44,969 11 5 1,814 7 0 333,333 19 5 2. For liabilities of the Provinces of Otago and Southland under " The Surplus Revenues Adjustment Act, 1867," a sum not exceeding £32,000 : — Amount paid —Otago ... Ditto Southland 25,140 8 6 5,611 17 9 30,752 6 3 3. For a liability of the Province of Southland to the General Government, a sum not exceeding £42,000 : — Redemption of Certificates Interest thereon 4. For the purposes of Telegraph Extension, Lighthouses, Colonial Defence, the Redemption of Taranaki Debentures, and Marine Survey, a sum not exceeding £260,000 :— Telegraph Lighthouses Defence Redemption of Taranaki Debentures Marine Survey 46,709 11 10 8,407 14 6 55,117 6 4 60,657 11 3 8,137 3 0 159,176 3 0 24,350 0 0 5,941 18 3 258,262 15 6 5. For taking up the total unraised and unissued Debentures, authorized by the several Acts specified in Schedule A. to this Act, a sum not exceeding £400,000 :— Taranaki Debentures for £25,000 ... ... Realized £24,250 0 0 Proportion of General Charges ... ... 106 17 0 Hawke's Bay Debentures for £60,000 ... Realized £58,200 0 0 Proportion of General Charges ... ... 256 8 10 24,356 17 0 344,374 9 5 58,456 8 10 Canterbury Debentures for £266,600 ... Realized£258,602 0 0 Proportion of General Charges ... ... 2,959 3 7 261,561 3 7 Balance 1,021,840 16 11 58,739 3 1 Amount authorized —£1,114,000 ... ...Realized 1,080,580 0 0
B.—No. 2.
Table N (1) RETURN of the Quantity of Flour and Grain Imported into and Exported from New Zealand, for the Ten Years ended on the 31st December, 1868.
Table N (2) RATES of Duty on Flour and Grain in the several Australasian Colonies, the United Kingdom, Canada, and United States of America.
31
EINANCIAL STATEMENT.
1859. 1860. 1861. 1862. 1863. 1864. 1865. 1866. 1867. 1868. ; Imports. Exports. Imports. Exports. Imports. Exports. Imports. Exports. Imports. Exports. Imports. Exports. Imports. Exports. Imports. Exports. Imports. Exports. Imports. Exports. Flour ... ... tons Grain — Barley ... bushels Maize ... ,, Oats ... „ Wheat ... „ Not described ,, 546 102 300 18 4,882 4i 6,202 14,986 16,1881 i 19,801 i 23,264 2i 8,098 9711 8,871 153 > 94 9,143 10,062 23 81,405 1,775 28,192 473 24,102 5,973 45,468 7,782 8,956 18,818 I 65,619 61,210 26,662 58,590 207,572 208,677 30 200 35,364 195,225 505,460 164,022 3,238 14,868 127,246 459,185 248,863 18,904 133,975 99,295 331,116 2,390 28,966 125,680 89,043 266,186 392 443 114,566 65,672 235,473 2,024 9,258 15,031 86,701 10,227 188,477 51,366 1,150 484,533 94,297 36,773 11,168 119 497 7,502 6,047 325 3,580 19,584 3,473 27,449 4,769 17,639 131,915 ... ... ... ... ... ... ... ... ... ... ... ...
Aetici.es. New Zealand. Victoria. New South Wales. Queensland. Tasmania. South Australia. United Kingdom. Canada. United States of America. o S3 O J I 4Jd. per cwt. Tariff Rate. Equal to British Currency. Tariff Rate. Equal to British Currency. 20 per cent. ad valorem Is. 4Jd. per cwt. Free Free . I 20 per cent, ad valorem 15 cents per bushel 10 per cent, ad valorem 20 per cent, ad valorem 20 per cent, ad valorem 10 cents per bushel 20 cents per bushel Flour Is. per cwt. Free Free 50cts.per barrel, 25 cts. per 100 lb. 10 cents per bushel 10 cents per bushel 10 cents per bushel 15 percent. ad valorem 10 cents per bushel Free Is. 2fd. per cwt. Grain —Barley ... Beans and pease Maize ... Free Free Free 9d. per cwt. 9d. per cwt. 9d. per cwt. 5 per cent, ad valorem, and 6d. per cwt. package duty 5 per cent, ad valorem, and 6d. per cwt. package duty 5 per cent, ad valorem, and 6d. per cwt. package duty 6d. per bushel, and 2|-d. per bushel package duty 5 per cent, ad valorem, and 6d. per cwt. package duty Free 7i per cent, ad valorem 7i per cent, ad valorem 7i per cent, ad valorem 7i per cent, ad valorem 7| per cent. Free Free Free 3d. per cwt. 3d. per cwt. 3d. per cwt. lid. per cwt. 9&d. per cwt. 10 per cent, ad valorem 20 per cent, ad valorem 20 per cent, ad valorem Is. 2d. per cwt. Malt 6d.perbushel 6d. per bushel Is. per bushel 3s. ljd. per bushel 3d. per cwt. 15 per cent. ad valorem Is. 2d. per cwt. Oats Free 9d. per cwt. Free Wheat Free 9d. per cwt. Free Free 3d. per cwt. Free Is. 6fd. per cwt.!
Table O(1) TABLE showing the Revenue of the Colony, from 1858-9 to 1868-9; also the Expenditure of the General Government for Colonial Purposes, and for Services in the various Provinces; and Amounts paid to the Provinces for appropriation, during the same period.
2f.1l. —The Returns for 1865-6, 1866-7, and 1867-8, include the Supplementary Expenditure authorized by the various Appropriation Acts, and show the Amounts as given in the published Accounts of the several years, irrespective of the " reconstruction " at the end of 1867-8. * The following charges have also to be added as Supplementary Expenditure in this year:— £ s. d. £ a. d. £ b. d. General ... ... ... 41,172 2 5 Wellington ... ... ... 476 15 8 Otago ...- ... ... 10,384 7 2 Auckland ... ... ... 1,272 5 6 Nelson ... ... ... 747 10 4 Southland ... ... ... 87 12 6 Taranaki ... ... ... 183 0 6 Marlborough ... ... ... 423 43 ■ Hawke's Bay ... ~, ~. 13 8 Canterbury ... ... ... 3,380 3 0 Total ... ... 61,140 9 10
B.—]\ T o. 2.
32
FINANCIAL STATEMENT.
1858-9. 1859-60. 1860-1. 1861-2. 1862-3. 1863-4. 1864-5. 1865-6. 1866-7. 1867-8. 1868-9. Totals. £ s. d. 665 8 10 £ s. d. 2,647 19 4 £ a. d. 1,655 2 4 £ s. a. 9,075 8 9 £ s. d. 5,481- 12 8 1 £ s. d. 4,741 18 11 1 £ s. d. 2,937 18 2 £ s. d. 7,076 13 0 £ s. d. 25,021 9 3 £ s. d. 101,654 6 4 £ b. d. 66,639 5 8 £ s. d. 227,600 3 3 GrENEEAL ... Provincial, Auckland Taeanaki Hawke's Bay Wellington ... Nelson Marlbobotjgh Canterbury ... Westland Otago Southland 52,729 18 41 5,514 6 I* 3,540 7 9 45,356 19 8 17,432 14 1 66,217 12 9 6,081 12 0 7,977 14 5 37,183 5 4 17,414 1 3 780 9 9 36,473 12 91 68,846 5 11 10,087 4 0 7,674 7 7 37,695 1 8 20,655 11 7 1,819 10 2 40,326 17 6 86,601 14 1 7,308 1 6 9,883 16 1 42,097 0 11 23,835 7 2 2,373 2 6 50,700 15 3 101,845 1 5 8,528 3 5 10,528 18 9 45,797 1 7 25,803 12 10 3,768 11 11 71,663 16 3 141,132 15 0 12,224 11 5 11,121 3 0 52,372 17 6 30,048 17 9 5,717 16 4 101,238 6 8 201,664 15 10 17,505 13 11 19,637 3 8 66,630 14 2 35,827 5 10 10,295 8 8 113,754 4 0 185,687 12 7 18,510 15 8 26,625 3 11 96,815 15 0 56,976 15 1 8,024 6 10 250,217 2 9 167,077 11 6 16,305 6 0 27,630 3 7 111,192 7 4 76,073 12 2 10,216 7 11 314,932 4 3 142,319 3 6 9,797 1 1 27,372 16 1 103,754 19 5 103,795 14 5 9,235 19 8 213,839 13 11 63,638 4 11 263,581 16 5 36,687 6 10 211,787 3 5 7,443 5 2 28,223 5 2 100,289 18 0 99,328 17 11 7,866 8 8 127,038 16 2 111,684 10 9 271,574 16 2 31,655 11 11 1,425,909 14 41 119,336 0 31 183,218 0 0 744,216 0 7 507,197 10 1 60,128 2 5 1,353,601 15 2 175,322 15 8 2,002,535 17 9| 305,681 2 3 33,254" 5 71 16,816 12 10 27,230"l8 51 39,576" 7 5 1,454 5 4 148,479 5 2 8,529 9 9 388,887 1 2 239,263 15 8 39,678 18 2 278,797" 0 9 63,582 14 6 231,664" 1 6 38,893 8 6 217,799" 11 8 35,536 4 3 267,766 11 9 41,753 3 0 ... ... 175,310 13 31' 7,101,750 1 101 202,007 6 1 229,790 13 6 552,377 12 8 709,028 1 10 738,720 14 3 903,360 0 9 1,053,028 16 9 1,080,707 2 7 11,066,531 19 0 Expenditure. GrENEEAL ... Peotincial, — Auckland Taranaki Hawke's Bay Wellington ... Nelson Marlboeough Canteebuet ... Westland Otago Southland ... 67,283 11 1 70,799 6 4 105,673 12 5 146,699 18 7 |212,576 15 9 ' 275,797 11 1 256,490 2 3 585,311 5 9 *737,813 19 9 517,225 11 2 1,235,088 2 8 4,410,759 16 10 11,972 15 11 1,341 12 5 • 747 14 3 7,391 7 10 6,229 14 11 11,960 3 6 1,445 14 4 1,529 1 1 6,816 0 7 5,410 16 9 395 6 9 6,130 3 1 14,783 1 10 1,482 3 8 2,320 2 1 8,270 2 3 4,862 2 0 1,004 7 2 8,340 1 2 18,261 0 8 1,967 6 4 2,737 10 8 10,306 13 8 6,852 14 3 1,501 5 3 12,321 17 6 19,521 3 7 2,552 15 1 3,643 3 6 10,324 2 7 6,067 13 3 2,280 18 8 16,106 18 2 24,428 1 9 2,696 3 7 3,872 17 0 11,152 4 7 7,007 7 0 3,535 16 10 22,485 11 5 28,954 8 10 3,344 0 10 3,633 18 4 12,258 17 6 6,843 16 4 3,462 19 10 23,852 6 10 35,997 11 3 3,749 17 1 5,638 9 6 15,957 2 3 8,502 17 3 6,832 18 10 36,455 6 11 33,256 16 2 3,992 10 7 5,750 5 2 16,595 14 5 8,700 13 5 6,023 18 8 52,007 19 10 36,097 10 10 3,706 10 0 7,890 3 8 20,448 14 5 13,199 17 6 4,239 18 10 37,197 7 10 6,417 18 5 46,458 2 6 7,519 17 6 41,197 8 5 2,675 6 2 6,987 18 2 22,584 1 10 16,953 12 11 5,537 7 4 33,056 2 0 17,506 15 7 47,398 1 7 7,274 7 5 276,430 2 9 28,954 0 1 44,751 3 5 142,105 1 11 90,631 5 7 34,879 18 2 253,929 14 3 23,924 14 0 385,323 19 5 67,649 7 3 5,915" 19 6 3,868" 1 4 3,651 0 3 5,798" 4 1 452 9 8 18,289" 3 2 1,995 13 2 44,832 2 9 4,626 1 9 57,262" 6 11 17,256 3 0 48,815 18 3 10,228 6 1 54,592" 2 4 10,247 12 11 54,358 16 3 8,048 15 9 ... ... 104,750 17 3 108,137 12 8 153,046 6 4 i220,933 3 3 322,591 15 1 ;425,494 3 2 397,884 15 1 763,285 4 1 5,759,339 3 8 926,554 10 0 700,401 12 8 1,436,259 4 1 Paid to Provinces. Auckland Taeanaki Hawke's Bat Wellington ... Nelson Marlbobough Canterbury ... Westland Otago Southland ... 18,342 8 0 1,847 14 5 1,258 9 2 16,013 8 8 5,757 18 4 21,780 14 9 2,045 17 10 2,676 2 5 14,614 17 10 5,547 16 7 229 14 4 12,919 11 9 34,817 12 11 4,237 6 11 2,551 9 0 18,274 9 2 7,305 6 4 527 4 4 20,698 16 3 28,780 12 1 2.846 6 9 3,179 14 5 14,273 2 8 7.847 17 5 399 15 2 16,806 16 6 42,120 13 0 3,169 16 3 3,376 16 0 15,779 7 6 8,925 11 4 57,457 16 4 4,088 5 5 4,752 9 8 17,766 16 8 11,359 8 3 18 13 10 37,151 8 5 74,208 7 1 6,470 12 11 7,065 8 2 31,694 4 5 13,397 13 101 1,918 10 4 43,463 2 9i 63,325 14 10 5,669 8 2 8,225 1 11 29,381 1 7 18,254 14 5 2,126 16 5 83,773 4 9 55,955 0 11 5,419 14 7 9,527 4 10 38,710 10 1 26,264 7 11 2,670 12. 5 100,932 1 11 6,365 13 6 1,030 17 3 4,766 6 1 31,245 16 5 41,979 11 4 551 4 3 65,545 19 0 21,447 18 8 78,385 19 11 9,364 6 0 18,586 9 4 379 15 9 1,935 5 10 21,150 3 3 20,481 14 0 88 13 3 3,553 10 8 25,496 13 2 55,219 16 10 5,572 4 5 421 741 2 9 37'205 15 51 49,314 7 6 248,903 18 3 167,121 19 91 8,531 10 4 422,499 2 OJ 46,944 11 10 695,353 18 9i 99,086 8 7 11,157" 11 7 26,496 18 5 5,783" 2 11 9,066" 15 7 19,687" 2 1 51,804" 5 4 3,439 17 7 100,414 19 7 14,247 10 1 121,239 3 9 29,145 12 10 98,695" 10 4J 12,359 11 0 67,325 14 3 10,909 6 2 87,731 8 2 14,048 0 6 ... ... ... 60,160 13 1 68,881 11 1 108,099 7 0 129,378 7 11 214,531 12 2 282,979 15 2 288,991 2 6 260,683 12 5 152,464 6 6 2,196, 702 J5 31 289,273 6 11 341,259 1 4
FINANCIAL STATEMENT.
33
B.—No. 2,
Table O (2) STATEMENT showing the Revenue raised in the several Provinces and the manner in which it has been applied, since the passing of "The Surplus Revenues Act, 1858," 1st July, 1858, to 30th June, 1869.
9
Auckland. Chai tGES. Financial Revenue. Yeae. General Government Services within and for Province. Paid to Province for Appropriation. Proportion Expended for Colonial Purposes. Totals. 1858-9 1859-60 ... 1860-1 1861-2 1862-3 1863-4 1864-5 1865-6 1866-7 1867-8 1868-9 £ s. d. 52,729 18 4 66,217 12 9 68,846 5 11 86,601 14 1 101,845 1 5 141,132 15 0 201,664 15 10 185,687 12 7 167,077 11 6 142,319 3 6 211,787 3 5 1,425,909 14 4 £ s. d. 20,113 16 3 22,636 15 8 31,390 8 10 31,380 3 0 38,565 13 11 54,317 5 4 69,494 1 9 117,884 17 11 124,437 14 5 71,159 11 9 105,893 11 9 £ s. d. 11,972 15 11 11,960 3 6 14,783 1 10 18,261 0 8 19,521 3 7 24,428 1 9 28,954 8 10 39,704 13 0 34,529 1 8 36,097 10 10 41,197 8 5 £ s. d. 18,342 8 0 21,780 14 9 34,817 12 11 28,780 12 1 42,120 13 0 57,457 16 4 74,208 7 1 63,325 14 10 55,955 0 11 6,365 13 6 18,586 9 4 £ s. d. 50,429 0 2 56,377 13 11 80,991 3 7 78,421 15 9 100,207 10 6 136,203 3 5 172,656 17 8 220,915 5 9 214,921 17 0 113,622 16 1 165,677 9 6 Totals ... 687,274 0 7 281,409 10 0 i 421,741 2 9 1,390,424 13 4 ii-anaki. 1858-9 1859-60 1860-1 1861-2 1862-3 1863-4 1864-5 1865-6 1866-7 1867-8 1868-9 5,514 6 1 6,081 12 0 10,087 4 0 7,308 1 6 8,528 3 5 12,224 11 5 17,505 13 11 18,540 15 8 16,305 6 0 9,797 1 1 7,443 5 2 2,103 6 2 2,078 16 1 4,599 3 7 2,648 1 2 3,229 5 11 4,704 12 1 6,032 10 0 11,342 0 4 12,164 13 9 4,898 10 7 3,721 12 7 1,341 12 5 1,445 14 4 1,482 3 8 1,967 6 4 2,552 15 1 2,696 3 7 3,344 0 10 4,547 7 3 4,175 11 I 3,706 10 0 2,675 6 2 1,847 14 5 2,045 1.7 10 4,237 6 11 2,846 6 9 3,169 16 3 4,088 5 5 6,470 12 1 5,669 8 2 5,419 14 7 1,030 17 3 379 15 9 5,292 13 0 5,570 8 3 10,318 14 2 7,461 14 3 8,951 17 3 11,489 1 1 15,847 2 11 21,558 15 9 21,759 19 5 9,635 17 10 6,776 14 6 Totals ... 119,336 0 3 57,522 12 3 29,934 10 9 37,205 15 5 124,662 18 5 Ha' rke's Bay. 1858-9* ... 1859-60 ... 1860-61 ... 1861-2 1862-3 1863-4 1864-5 1865-6 1866-7 1867-8 1868-9 3,540 7 9 7,977 14 5 7,674 7 7 9,886 16 1 10,528 18 9 14,121 3 0 19,637 3 8 26,625 3 11 27,630 3 7 27,372 16 1 28,223 5 2 1,350 6 6 2,727 6 0 3,498 19 6 3,582 10 10 3,987 0 4 5,434 13 9 0,767 0 3 15,406 7 6 20,377 9 9 13,086 8 1 14,111 12 7 747 14 3 1,529 1 1 2,320 2 1 2,737 10 8 3,643 3 6 3,872 17 0 3,633 18 4 5,685 7 8 5,763 13 8 7,890 3 8 6,987 18 2 1,258 9 2 2,676 2 5 2,551 9 0 3,179 14 5 3,376 16 0 4,752 9 8 7,065 8 2 8,225 1 11 9,527 4 10 4,766 6 1 1,935 5 10 3,356 9 11 6,932 9 6 8,370 10 7 9,499 15 11 11,006 19 10 14,060 0 5 17,466 6 9 29,316 17 1 35,668 8 3 26,342 17 10 23,034 16 7 Totals ... 90,929 15 1 49,314 7 6 185,055 12 8 183,218 0 0 44,811 10 1 * From 1st November, 1858. Well lington. 1858-9 1859-60 1860-1 1861-2 1862-3 1863-4 1864-5 1865-6 1866-7 1867-8 1868-9 45,356 19 8 37,183 5 4 37,695 1 8 42,097 0 11 45,797 1 7 52,372 17 6 66,630 14 2 96,845 15 0 111,192 7 4 108,754 19 5 100,289 18 0 17,301 8 1 12,711 1 8 17,187 1 10 15,253 16 0 17,341 19 4 20,156 11 5 22,961 1 6 55,401 2 3 81,497 10 10 54,377 9 8 50,144 19 0 7,391 7 10 6,816 0 7 8,270 2 3 10,306 13 8 10,324 2 7 11,152 4 7 12,258 17 6 16,753 13 2 17,072 10 1 20,448 14 5 22,584 1 10 16,013 8 8 14,614 17 10 18,274 9 2 14,273 2 8 15,779 7 6 17,766 16 8 31,694 4 5 29,381 1 7 38,710 10 1 31,245 16 5 21,150 3 3 40,706 4 7 34,142 0 1 43,731 13 3 39,833 12 4 43,445 9 5 49,075 12 9 66,914 3 5 101,535 17 0 137,280 11 0 106,072 0 6 93,879 4 1 Totals 744,216 0 7 364,334 1 7 143,378 8 6 248,903 18 3 756,616 8 4 elson. 1858-9 1859-60 1860-1 1861-2 1862-3 1863-4 1864-5 1865-6 1866-7 1867-8 1868-9 17,432 14 1 17,414 1 3 20,655 11 7 23,835 7 2 25,808 12 10 30,048 17 9 35,827 5 10 56,976 15 1 76,073 12 2 103,795 14 5 99,328 17 11 6,649 15 8 5,953 0 2 9,418 2 8 8,636 11 7 9,773 2 0 11,564 16 9 12,346 3 1 32,096 15 8 55,208 1 8 51,897 17 2 49,664 8 10 6,229 14 11 5,410 16 9 4,862 2 0 6,852 14 3 6,067 13 3 7,007 7 0 6,843 16 4 9,329 3 10 9,448 3 9 13,199 17 6 16,953 12 11 5,757 18 4 5,547 16 7 7,305 6 4 7,847 17 5 8,925 11 4 11,359 8 3 13,397 13 10 18,254 14 5 26,264 7 11 41,979 11 4 20,481 14 0 18,637 8 11 16.911 13 6 21,585 11 0 23,337 3 3 24,766 6 7 29,931 12 0 32,587 13 3 59,680 13 11 90.912 13 4 107,077 6 0 87,099 15 9 Totals 507,197 10 1 253,200 15 3 92,205 2 6 167,121 19 9 512,527 17 6
B.—No. 2.
34
FINANCIAL STATEMENT.
Table O (2) — continued. STATEMENT of Revenue and Expenditure from 1st July, 1858, to 30th June, 1869— contd.
.ar. loroug. Cha: 10 ES. Financial Revenue. Year. Proportion Expended for Colonial Purposes. General Government Services within and for Province. Paid to Province for Appropriation. Totals. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 1858-9 1859-60 1860-1 1861-2 1862-3 1863-4 1864-5 1865-6 1866-7 1867-8 1868-9 780 9 9* 1,819 10 2 2,373 2 6 3,768 11 11 5,717 16 4 10,295 8 8 8,024 6 10 10,246 7 11 9,235 19 8 7,866 8 8 266 12 10 829 16 8 859 17 1 ] ,426 16 4 2,200 13 4 3,547 16 9 5,303 3 3 7,465 13 2 4,617 19 10 3,933 4 4 395 6 9 1,064 7 2 1,501 5 3 2,280 18 8 3,535 16 10 3,462 19 10 9,344 17 6 6,452 2 11 4,239 18 10 5,537 7 4 229 14 4 527 4 4f 399 15 2 18 13 10 1,918 16 4 2,126 16 5 2,670 12 5J 551 4 3 88 13 3 891 13 11 2,421 8 2 2,760 17 6 3,707 15 0 5,755 4 0 8,929 12 11 16,774 17 2 16,588 8 6 9,409 2 11 9,559 4 11 Totals 30,451 13 7 37,815 1 1 8,531 10 4 76,798 5 0 60,128 2 5 * Prom 1st f Excluding Receipts. % Excluding November, 1859. ; £74 13s. 8d., beii ig the amount in tli le Ordinary Revenue Accounts chargeabli in excess of Local % £2,852 14s. 7d., be: ing as in preceding no 3 to. Can iterbury. 1858-9 1859-60 ... 1860-1 1861-2 1862-3 1863-4 1864-5 1865-6 1866-7 1867-8 1868-9 33,254 5 7 36,473 12 9 40,326 17 6 50,700 15 3 71,668 16 3 101,288 6 8 113,754 4 0 250,247 2 9 314,962 4 3 213,889 13 11 127,038 16 2 12,684 13 2 12,468 14 10 18,387 3 2 18,371 9 0 27,138 18 3 38,982 5 9 39,199 18 6 133,871 5 6 229,662 6 3 106,944 17 0 63,519 8 1 5,915 19 6 6,130 3 1 8,340 1 2 12,321 17 6 16,166 18 2 22,485 11 5 23,852 6 10 43,396 16 6 55,388 2 10 37,197 7 10 33,056 2 0 11,157 11 7 12,919 11 9 20,698 16 3 16,806 16 6 26,496 18 5 37,151 8 5 43,463 2 9 83,773 4 9 100,932 1 11 65,545 19 0 3,553 10 8 29,758 4 3 31,518 9 8 47,426 0 7 47,500 3 0 69,802 14 10 98,619 5 7 106,515 8 1 261,041 6 9 385,982 11 0 209,688 3 10 100,129 0 9 Totals ... 1,353,604 15 1 701,230 19 6 264,251 6 10 422,499 2 0 1,387,981 8 4 Westland. 1867-8* ... 1868-9 63,638 4 11 111,684 10 9 31,819 2 5 55,842 5 5 6,417 18 5 17,506 15 7 21,447 18 8 25,496 13 2 59,684 19 6 98,845 14 2 Totals ... 175,322 15 8 87,661 7 10 23,924 14 0 46,944 11 10 158,530 13 8 * Prom lsi January, 1868. itago. 1858-9 1859-60 ... 1860-1 1861-2 1862-3 1863-4 1864-5 1865-6 1866-7 1867-8 1868-9 16,816 12 10 27,230 18 5 39,576 7 5 148,479 5 2 239,268 15 8 278,797 0 9 231,664 1 6 217,799 11 8 267,766 11 9 263,561 16 5 271,574 16 2 6,414 16 5 9,308 19 9 18,044 14 9 53,801 4 4 90,604 1 10 107,299 8 8 79,831 17 7 141,259 19 10 195,507 8 5 131,780 18 2 135,787 8 1 3,868 1 4 3,651 0 3 5,798 4 1 18,289 3 2 44,832 2 9 57,262 6 11 48,815 18 3 76,850 11 2 64,743 3. 5 46,458 2 6 47,398 1 7 5,783 2 11 9,066 15 7 19,687 2 1 51,804 5 4 100,414 19 7 121,239 3 9 98,695 10 4 67,325 14 3 87,731 8 2 78,385 19 11 55,219 16 10 16,066 0 8 22,026 15 7 43,530 0 11 123,894 12 10 235,851 4 2 285,800 19 4 227,343 6 2 285,436 5 3 347,982 0 0 256,625 0 7 238,405 6 6 Totals ... 969,640 17 10 417,966 15 5 695,353 18 9 2,082,961 12 0 2,002,535 17 9 So Lthland-1858-9 1659-60 1860-1* ... 1861-2 1862-3 1863-4 1864-5 1865-6 1866-7 1867-8 1868-9 1,454 5 4 8,529 9 9 39,678 18 2 68,582 14 6 38,803 8 6 35,536 4 3 41,753 3 0 36,687 6 10 34,655 11 11 662 19 1 3,090 16 10 15,025 5 2 26,395 5 1 13,371 14 8 23,932 12 11 30,561 14 8 18,343 13 5 17,327 15 11 452 9 8 1,995 13 2 4,626 1 9 17,256 3 0 10,228 6 1 14,097 15 10 8,136 8 3 7,519 17 6 7,274 7 5 3,439 17 7 14,247 10 1 29,145 12 10 12,359 11 0 10,909 6 2 14,048 0 6 9,364 6 0 5,572 4 5 1,115 8 9 8,526 7 7 33,898 17 0 72,797 0 11 35,959 11 9 48,939 14 11 52,746 3 5 35,227 16 11 30,174 7 9 Totals ... 305,681 2 3 148,711 17 9 71,587 2 8 99,086 8 7 319,385 9 0 * Prom li it A >ril, 1861.
FINANCIAL STATEMENT.
35
B.—No. 2,
Table O(3) Explanatory of Two last Years included in Table O (2). After the 1st July, 1867, the distribution of Charges, General and Provincial, was so altered that the Sums shown in the preceding Tables do not present an exact analogy to the years preceding; the Interest and Sinking Funds paid by the General Government out of Provincial moieties are not shown; they are shown in the following Table as Provincial Charges paid by the General Government.
CHARGES. Paid by Genbe. .L GOVEENMENT. Financial Yeae. Revenue. Geneeae Chaeges (Moieties) . Interest and SinMng Funds chargeable on and for Provinces. * Paid to Peovinces EOE APrEOPEIATION. Totals. General Government Services within and for Provinces. Auckland. 1867-8 1868-9 £ s. d. 142,319 3 6 211,787 3 5 £ s. d. 71,159 11 9 105,893 11 9 £ s. d. 36,097 10 10 41,197 8 5 £ s. d. 37,318 11 4 36,630 14 4 £ s. d. 6,365 13 6 18,586 9 4 £ s. d. 150,941 7 5 202,308 3 10 Total ... 354,106 6 11 177,053 3 6 77,294 19 3 73,949 5 8 24,952 2 10 353,249 11 3 Taranaki. 1867-8 1868-9 9,797 1 1 7,443 5 2 4,898 10 7 3,721 12 7 3,706 10 0 2,675 6 2 6 16 3 1,250 0 0 1,030 17 3 379 15 9 9,642 14 1 8,026 14 6 Total ... 17,240 6 3 8,620 3 2 6,381 16 2 1,256 16 3 1,410 13 0 17,669 8 7 "Wellington. 1867-8 1868-9 108,751 19 5 100,289 18 0 54,377 9 8 50,144 19 0 20,448 14 5 22,584 1 10 1,695 11 5 5,394 18 0 31,245 16 5 21,150 3 3 107,767 11 11 99,274 2 1 207,041 14 0 Total ... 209,044 17 5 104,522 8 8 43,032 16 3 7,090 9 5 52,395 19 8 Hawke's Bay. 1867-8 1868-9 27,372 16 1 28,223 5 2 13,686 8 1 14,111 12 7 7,890 3 8 6,987 18 2 1,639 0 5 4,485 0 0 6,124 0 5 4,766 6 1 1,935 5 10 27,981 18 3 27,519 16 7 Total ... 27,798 0 8 14,878 1 10 6,701 11 11 55,501 14 10 55,596 1 3 Nelson. 1867-8 1868-9 103,795 14 5 99,328 17 11 51,897 17 2 49,664 8 10 13,199 17 6 16,953 12 11 2,772 2 6 3,142 10 8 41,979 11 4 20,481 14 0 109,84,9 8 6 90,242 6 5 200,091 14 11 Total ... 203,124 12 4 101,562 6 0 30,153 10 5 5,914 13 2 62,461 5 4 Marlborough.. 1867-8 1868-9 9,235 19 8 7,866 8 8 4,617 19 10 3,933 4 4 4,239 18 10 5,537 7 4 6 8 6 551 4 3 88 13 3 9,415 11 5 9,559 4 11 Total ... 17,102 8 4 8,551 4 2 18,974 16 4 9,777 6 2 6 8 6 639 17 6 Canterbury. 1867-8 1868-9 213,889 13 11 127,038 16 2 106,944 17 0 63,519 8 1 37,197 7 10 33,056 2 0 3,375 13 8 25,315 4 0 65,545 19 0 3,553 10 8 213,063 17 6 125,444 4 9 Total ... 340,928 10 1 170,464 5 1 70,253 9 10 28,690 17 8 69,099 9 8 338,508 2 3 Westland. 1867-8 1868-9 63,638 4 11 111,684 10 9 31,819 2 5 55,842 5 5 6,417 18 5 17,506 15 7 1,257 3 3 12,473 16 2 21,447 18 8 25,496 13 2 60,942 2 9 111,319 10 4 Total ... 175,322 15 8 87,661 7 10 23,924 14 0 13,730 19 5 46,944 11 10 172,261 13 1 Otago. 1867-8 1868-9 263,561 16 5 271,574 16 2 131,780 18 2 135,787 8 1 46,458 2 6 47,398 1 7 3,963 2 9 26,483 5 2 78,385 19 11 55,219 16 10 260,588 3 4 264,888 11 8 Total ... 535,136 12 7 267,568 6 3 93,856 4 1 30,446 7 11 133,605 16 9 525,476 15 0 Southland. 1867-8 1868-9 36,687 6 10 34,655 11 11 18,343 13 5 17,327 15 11 7,519 17 6 7,274 7 5 1,105 9 11 11,605 7 1 9,364 6 0 5,572 4 5 36,333 6 10 41,779 14 10 Total 71,342 18 9 j 35,671 9 4 14,794 4 11 12,710 17 0 14,936 10 5 78,113 1 8 * For Eleven Months only in 1868-9.
B.— No. 2.
36
FINANCIAL STATEMENT,
Table O(4) Summary of Table O(2). Summary of the Totals of the foregoing Tables of Revenue and Expenditure of the General Government in and for the original Provinces of New Zealand, from the 1st of July, 1858, and in and for the Provinces of Hawke's Bay, Marlborough, and Southland, and the County of Westland, from the dates at which they were severally constituted.
Table O(5) Statement showing (approximately) the proportions in which the Expenditure of the General Government out of Revenue has been applied to the under-mentioned purposes during the several Financial Years here given.
CHA! IGES. Peovince OE County. Revenue. Proportion expended for Colonial Purposes. General Government Services within and for the Province. Paid to Provinces for Appropriation. Total Charges. Auckland Taranaki Hawke's Bay... Wellington ... Nelson Marlborough... Canterbury ... Westland £ s. d. 1,425,909 14 4 119,336 0 3 183,218 0 0 744,216 0 7 507,197 10 1 60,128 2 5 1,353,604 15 1 175,322 15 8 2,002,535 17 9 305,681 2 3 £ s. d. 687,274 0 7 57,522 12 3 90,929 15 1 364,334 1 7 253,200 15 3 30,451 13 7 701,230 19 6 87,661 7 10 969,640 17 10 148,711 17 9 £ s. d. 281,409 10 0 29,934 10 9 44,811 10 1 143,378 8 6 92,205 2 6 37,815 1 1 264,251 6 10 23,924 14 0 417,966 15 5 71,587 2 8 £ s. d. 421,741 2 9 37,205 15 5 49,314 7 6 248,903 18 3 167,121 19 9 8,531 10 4 422,499 2 0 46,944 11 10 695,353 18 9 99,086 8 7 £ s. d. 1,390,424 13 4 124,662 18 5 185,055 12 8 756,616 8 4 512,527 17 6 76,798 5 0 1,387,981 8 4 ' 158,530 13 8 2,082,961 12 0 319,385 9 0 Otago Southland 6,877,149 18 5 3,390,958 1 3 1,407,284 1 10 i i 2,196,702 15 2 *6,994,944 18 3 * This sum ii larger than the Reenue, because the pa; 'ments to the Provin ices were larger than the amounts they
Date oe Financial Yeae. 1858-9. 1862-3. 1865-6. 1868-9. £ 67,283 £ 212,295 £ 415,291 £ 697,361* Ixpenditure of year Head of Expenditure. Rate per cent. Rate per cent. Rate per cent. Rate per cent. Governor, Judges, and Establishments of Government Legislative, and Audit ... Native Defence Interest and Sinking Fund Postal Services ... Pensions—Civil and Military Miscellaneous ... 23 8 17 4f Hi 16 2f 17 10 7 24 5 12 29 1 12 51 3i 8J 7 43f 23 If 6i 41 3 41 30 37i flO 139 100 100 100 100 * In stating the expenditure for this year (1868-9) For redemption of Treasury Bills) which are not for sinking fund. t Including Panama Service for eight months ; alsc the total has bei services; and, 5 m reduced by de !nd, all but one ;ducting —1st, Pi : year's charge lyments (such as for interest and > Telegraph and 1 Harine Departine: snts.
37
B.—No. 2
FINANCIAL STATEMENT
Table P. ESTIMATE of Liabilities outstanding on June 30, 1869, for Services rendered prior to the said 30th of June, and for Engagements entered into under authority of Permanent Appropriations.
10
£ s. d. £ s. d. CIVIL LIST. Permanent Chaeges— Sundry Payments ... 3,700 0 0 CLASS I. PUBLIC DOMAINS AND BUILDINGS. 3-ENEEAL CHARGES— Salaries ... Contingencies 106 10 0 0 0 0 116 0 0 CLASS II. PUBLIC DEPARTMENTS. 3-ENEEAL ClIAEGES — Governor's Establishment, Salaries Legislative Departments ,, Executive „ „ Ditto „ Contingencies .... Stamp Office, Salaries ... Printing Office „ Ditto Extra Assistance, Overtime, &c. Geological Survey Department, Salaries Ditto • Eield Expenses, &c. Provincial Chaeges— Paymaster's Departments, Salaries Ditto Clerical Assistance and Contingencies Stamp Departments, Salaries Ditto Contingencies Electoral Departments, Salaries .... ... „.. Ditto Printing Electoral Rolls, &c. 134 195 630 50 50 357 479 117 100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 110 160 111 168 141 500 0 0 0 0 0 0 0 0 0 0 0 0 CLASS III. 3,302 0 LAW AND JUSTICE. 3-eneral Chaeges— Colonial Secretary's Office (Judicial Branch), Salaries ... Ditto Travelling Expenses of Judges, &e. Registrar of Land, &c, Salaries Provincial Charges— Supreme Courts, ) Salaries District Courts ? p ,. • Resident Magistrates' Courts ) ° Criminal Prosecutions Coroners Contingencies 155 100 35 3,543 100 0 0 0 0 0 0 0 0 0 0 200 100 200 0 0 0 0 0 0 CLASS IV. 4,433 0 0 POSTAL. xEneeal Chaeges— General Post Office, Salaries .... Arrears, Suez Line Intercolonial, Steam Subsidies ... ... ) Interprovincial „ ...... j Contingencies Provincial Charges—■ Auckland, Salaries and Mail Contracts Taranaki „ ,, Hawke's Bay „ ,, Wellington ,, „ Nelson „ „ Marlborough „ ,, Canterbury „ „ Westland „ „ 236 0 0 7,736 14 10 1,525 0 0 100 0 0 1,181 0 0 62 0 0 259 0 0 657 0 0 521 0 0 250 0 0 2,321 0 0 609 0 0
FINANCIAL STATEMENT.
B.—No. 2
38
CLASS IV— continued. £ s. d. £ s. d. PO STAL— continued. 2,900 380 500 0 0 0 0 0 0 Provincial Chaeges— continued — Otago, Salaries and Mail Contracts Southland ,, „ Contingencies GeNEEAL CHARGES — Telegraph Department, Salaries Peovincial Chaeges— Telegraph Department, Salaries Ditto Maintenance of Lines, &c. Geneeal Chaeges—■ Marine Department, Salaries Ditto Contingencies ... 167 0 0 21,487 14 10 1,117 400 0 0 0 0 366 200 0 0 0 0 CLASS V. CUSTOMS. GeNEEAL CnAEGES — Inspector's Department,") galarieg and Conti cies _ _ Chatham Islands ) ° Peovincial Chaeges— Auckland, Salaries, &c. Taranaki „ Hawke's Bay „ Wellington „ Nelson „ Marlborough „ Canterbury „ "Westland „ Otago „ Southland „. Ditto, Contingencies 132 1 8 550 0 0 35 0 0 95 0 0 350 0 0 250 0 0 65 0 0 375 0 0 400 0 0 450 0 0 200 0 0 161 12 5 3,063 14 1 CLASS VI. NATIVE. Geneeal Chaeges— Contingencies Salaries of Officers ... CLASS VII. 50 0 0 2,262 0 0 2,312 0 0 MISCELLANEOUS. 1,000 0 0 1,369 16 4 General Charges— Sundry Charges Compensation to Miss Briggs and others Provincial Charges— Native Lands Court ... 2,819 16 4 450 0 0 CLASS VIII. DEFENCE. General Charges—■ Militia and Volunteers, Salaries Armed Constabulary, Pay Ditto Ammunition Ditto " Sturt " and " St. Kilda " Ditto Transport, Rations, &c. ... Ditto Arrears of Pay, Rations, &c. Provincial Charges— Militia and Volunteers, Salaries Ditto Capitation Grant 224 29,026 7,331 500 16,400 14,441 0 0 0 0 0 0 0 0 0 0 0 0 69,000 0 0 578 500 0 0 0 0 110,234 5 3
FINANCIAL STATEMENT.
39
B.—No. 2,
ENGAGEMENTS. £ s. d. £ s. d. Geneeal Charges— Class I. —Public Domains and Buildings— Government House and Offices ... Furniture for new Government House 12,732 14 11 1,200 0 0 13,932 14 11 Class IV.— PostalTelegraph Department— Wanganui Line (130 miles), less payments already made Cambridge Line (12 miles), now in course of construction Marine Department — Lighthouses (Works in progress)—■ Nugget Point Lighthouse Cape Campbell Parewell Spit Manukau Light Elat Bock Beacon ... 5,000 200 0 0 0 0 3,080 3,210 4,035 120 480 0 0 0 0 0 0 0 0 0 0 Class VII.- —Miscellaneous — Payment of Treasury Bills Judge Johnston's " New Zealand Justice of the Peace " 16,175 0 0 6,000 450 0 0 0 0 6,450 0 0 Confiscated Lands — Unexpended Balance Wellington Debentures — Amount to be paid off Nelson Debentures — Amount to be paid off 6,500 17,550 0 0 0 0 1,000 0 0 Colonial 8 per cent. Debentures—Amount to be paid off Southland Debts — Amounts yet to be paid 325 0 0 6,000 0 0 67,932 14 11 Total 178,167 0 2 SUMMARY. LIABILITIES. General Charges— Civil List — | Permanent Charges j Class I. ... ... ... Class II. Class III. Class IV Class V. Class VI. ... ... Class VII. Class VIII 3,700 0 0 116 0 0 2,112 0 0 290 0 0 10,330 14 10 132 1 8 2,312 0 0 2,369 16 4 67,922 0 0 89,284 12 10 ENGAGEMENTS. General Chaeges— Class I. Class IV. Class VII. Confiscated Lands ... Wellington Debentures Nelson Debentures. Colonial 8 per cent. Debentures Southland Debts ... 13,932 14 11 16,175 0 0 6,450 0 0 6,500 0 0 17,550 0 0 1,000 0 0 325 0 0 6,000 0 0 67,932 14 11 Total Geneeal Charges 157,217 7 9
B.— No. 2,
40
FINANCIAL STATEMENT
Table Q. Statement showing Amount Paid in Discharge of Debts of the Province of Southland.
Table R. Statement of Amounts paid out of Revenue for Native and Defence Purposes in the under-mentioned years, including Interest and Sinking Fund on portions of Loans raised and used for Defence Expenditure.
SUMMARY— continued. ENGAGEMENTS— continued. £ s. £ s. ( d. /LABILITIES :— Provincial Charges— Class II. Class III. Class IV. Class V. Class VII. Class VIII. 1,190 0 4,143 0 11,157 0 2,931 12 450 0 1,078 0 0 0 «> 5 0 0 20,949 12 P 178,167 0 t x
£ s. 386,636 18 d. 9 Amount of Certificates and Interest Amount of Debentures of Consolidated Loan Act required to produce the above sum (at £96 4s. 3|d. per cent.) ... Interest and Sinking Bund, from date of raising the above (April 15) to 3.1st December, 1868 401,848 11 7 17,174 9 0 Amount raised on account of the Province of Southland £419,023 0 7 £422,000 0 0 Net proceeds of Loan at £96 4s. 3|d. per cent. Less proportion of charges of raising Loan ... 406,025 10 10 1,814 7 0 Amount of Debts paid ... ... ... ... £386,636 18 9 Amount of Interest to 31st December, 1868 ... 17,174 9 0' £404,211 403,811 3 10 7 9 Balance available £399 16 1
Native Purtoses. Defeni Financial Year. Civil List. Native Scliools. Appropriations. Reserve Funa. Total. Militia, &e. Interest &c. Total. General Totals. £ s. d. £ s. d. £ s. d. £ s. a. £ s. d. £ s. a. £ £ s . d. £ s. d. 1860-01 ... 8,856 13 0 5,477 0 1 1,116 15 3 777 15 6 16,228 4 7 7,794 3 10 2,000 9,794 3 10 26,022 8 5 1861-62 ... 10,259 7 1 4,587 0 8 0,519 0 0 919 15 10 25,315 3 7 7,020 5 9 8,120 15,140 5 9 40,455 9 4 1862-63 ... 7,903 4 6 4,852 5 8 39,540 5 4 4,725 17 7 67,021 13 1 9,766 3 3 11,848 21,614 3 3 78,635 16 4 1863-64 ... 7,327 19 1 3,765 13 0 37,489 11 0 4,015 19 4 52,599 3 2 26,168 12 11 23,844 50,012 12 11 102,611 16 1 1864-65 ... 7,000 0 0 2,397 4 9 47,178 7 8 3,715 14 4 60,291 6 9 27,914 7 8 73,506 101,420 7 8 161,711 14 5 1865-66 ... 7,000 0 0 28,608 3 2 13,127 7 11 48,635 11 1 26,600 0 0 142,406 169,006 0 0 217,641 11 1 1866-67 ... 228 9 10 1,607 7 11 32,883 16 10 1,020 0 10 31,132 7 6 110,022 0 0 178,270 283,292 0 0 322,424 7 6 1867-68 ... 6,895 2 6 23,618 IS 7 21,316 3 6 20,125 6 0 218,174 238,299 6 0 262,615 9 6 1868-69 ... 6,735 12 0 23,934 7 9 37,565 2 3 223,479 3 1 225,310 448,789 3 1 480,354 5 4 Total . 55,470 16 9 29,512 4 10 242,789 2 7 28,332 11 4 356,104 15 6 458,890 2 6 883,478 1,342,368 2 6 1,698,472 18 0
Table R(1). Statement showing the proportions of the totals of Native and Defence Expenditure given in Table R. which have been charged upon the Revenues of the several Provinces by the distribution of the General Charges in terms of "The Surplus Revenues Act, 1858," the same mode of calculation having been applied to the Expenditure of the years 1867-8 and 1868-9. Also, the proportionate amount of Military Pensions and Allowances paid during the period included in the Table.
41
Financial Yeae. Auckland. Taeanaki. Hawke's Bat. Wellington. Kelson. ITAELBOKOtfGH. Caxteebuby. Westland. Otago. Southland. Totals. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ S. a. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 1860-1 7,852 19 11 1,150 12 0 875 7 8 4,299 14 6 2,356 1 8 207 10 11 4,599 18 1 4,514 6 1 165 17 7 20,022 8 5 1861-2 9,224 6 10 778 8 5 1,053 1 10 4,483 18 10 2,538 16 0 252 15 5 5,400 7 7 15,815 4 5 908 10 0 40,455 9 4 1862-3 14,643 18 4 1,226 4 6 1,513 17 11 6,584 19 7 3,710 17 11 542 0 10 10,304 19 7 34,403 12 4 5,705 5 4 78,635 16 4 1863-4 20,562 7 9 1,780 19 5 2,057 6 0 7,631 8 9 4,377 18 0 832 19 0 14,757 3 9 40,619 10 9 9,992 2 8 102,611 16 1 1864-5 44,322 6 3 3,847 8 8 4,315 17 7 14,644 4 6 7,874 1 3 2,262 15 0 25,001 3 0 50,915 12 3 8,528 5 11 161,711 14 5 1865-6 45,089 18 4 4,502 4 0 6,465 6 0 23,516 14 0 13,835 10 0 1,948 10 0 60,766 14 0 52,887 12 0 8,629 2 9 217,641 11 1 1866-7 52,148 12 0 5,089 4 5 8,624 0 0 34,705 12 0 23,744 4 9 3,198 2 5 98,306 11 9 83,575 19 0 13,032 1 2 322,424 7 6 1867-8 38,174 17 6 2,627 18 0 7,342 6 5 29,171 16 0 27,841 11 3 2,477 8 2 57,372 10 10 17,069 19 4 70,696 6 0 9,840 16 0 262,615 9 6 1868-9 102,990 19 8 3,624 0 0 13,722 19 7 48,754 2 0 48,296 11 3 3,824 16 5 61,802 6 0 54,334 14 0 132,048 8 0 16,955 8 5 486,354 5 4 Totals 45,970 3 0 173,792 10 2 338,311 14 7 71,404 13 4 485,476 10 10 73,757 9 10 1,698,472 18 0 335,010 6 7 24,626 19 5 134,575 12 1 15,546 18 2 Pensions, &c. * 3,198 13 10 252 5 6 423 15 1 1,612 1 1 1,166 19 2 148 12 4 3,212 15 0 452 19 0 4,957 10 10 785 19 4 16,211 11 2 Totals ! ! 338,209 0 5 24,879 4 11 46,393 18 1 175,404 11 3 135,742 11 3 15,695 10 6 341,524 9 7 71,857 12 4 490,434 1 8 74,543 9 2 1,714,684 9 2 * Calculated on the averai ;e Eevi snue of the whole of the ears.
Table R(2) Statement of Amounts paid out of Revenue, and Loans for Native and Defence Purposes, in the under-mentioned years (including Interest and Sinking Fund on Loans raised and used for Defence Purposes); also including Pensions and Allowances to Wounded Men, and to Women and Children, during the same period.
N.B. —The actual Expenditure for Defence purposes out of Loans, including formation of Military Settlements, cost of Surveys, and other expenses for Confiscated Lands, &c. &c., is estimated to amount to £3,191,470 (including an amount for Discount, etc., on Consolidated Loan). The difference between this sum and that given above arises from Advances, &c., not yet brought to charge.
Table S. Statement showing the proportions of Loans raised and used for Defence Purposes, which may be regarded as chargeable against each of the Provinces (calculated upon the basis of the Revenue raised in each Province during the year 1868-9).
N.B.—An estimated amount has been added to the amount expended out of the Consolidated Loan (under " The Public Debts Act") to cover Discounts, &c. The above amounts have been altered by Consolidation, but the relative proportions remain the same.
42
Depexce. Financial Yeae. Native. Expenditure out of Bevenue. Pensions, &c. Expenditure out of Loans. Totals. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 1860-1 16,228 4 7 9,794 3 10 82,931 11 1 108,953 19 6 1861-2 25,315 3 7 15,140 5 9 5 0 4 46,698 17 6 87,159 7 2 1862-3 57,021 13 1 21,614 3 3 572 16 5 193,247 9 5 272,456 2 2 1863-4 52,599 3 2 50,012 12 11 752 1 8 801,307 1 3 904,670 19 0 1864-5 60,291 6 9 101,420 7 8 1,179 7 0 803,700 12 7 966,591 14 0 1865-6 48,635 11 1 169,006 0 0 2,392 11 9 417,374 5 3 637,408 8 1 1866-7 34,132 7 6 288,292 0 0 4,368 9 7 235,996 11 2 562,789 8 3 1867-8 24,316 3 6 238,299 6 0 3,091 18 10 486,234 6 3 751,941 14 7 1868-9 37,565 2 3 448,789 3 1 3,849 5 7 61,205 0 10 551,408 11 9 Totals ... 356,104 15 6 it, 342,368 2 6 16,211 11 2 3,128,695 15 4 4,843,380 4 6
Peovinces. Amount. Pbopoetion pee Cent. £ Auckland 675,830 21-25 Taranaki 23,781 •75 Hawke's Bay 90,050 2-8 Wellington 319,927 10Kelson 316,923 10Marlborough 25,098 •8 Canterbury 405,548 12-7 Westland 356,546 111 Otago 866,505 27-1 Southland 111,262 3-5 Total 3,191,470 100-
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Bibliographic details
FINANCIAL STATEMENT BY THE HON. THE COLONIAL TREASURER., Appendix to the Journals of the House of Representatives, 1869 Session I, B-02
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28,006FINANCIAL STATEMENT BY THE HON. THE COLONIAL TREASURER. Appendix to the Journals of the House of Representatives, 1869 Session I, B-02
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